NYSE Intends to Annul Trades of Berkshire Hathaway Shares at Substantial Discount

Tuesday, 4 June 2024, 10:57
The NYSE announced the decision to invalidate all trades of Berkshire Hathaway stock made at or below $603,718.30 per share due to a glitch. Traders who took advantage of the $620,000 discount on Warren Buffett's firm will have their deals cancelled. The move aims to rectify erroneous transactions that were carried out during the technical issue.
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NYSE Intends to Annul Trades of Berkshire Hathaway Shares at Substantial Discount

Traders' Deals Cancelled

In a significant turn of events, the NYSE has decided to 'bust' all trades of Berkshire Hathaway stock below a certain threshold.

NYSE's Rectification

The decision comes after a glitch caused trades at an extremely discounted level, leading to concerns about the integrity of the market.

Traders who capitalized on this abnormality will now have their deals nullified, with prices reverting to the correct levels.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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