Editor’s note: This story has been updated with additional details.
Multiple stocks on the New York Stock Exchange experienced sudden trading halts after 9:40 a.m. ET Monday due to technical issues.
The unexpected pauses in trading were triggered by a technical issue categorized under the “Limit Up/Limit Down” code, which is typically used to curb excessive volatility in a single stock.
The NYSE said it is investigating the reported technical issue. “Additional information will follow as soon as possible,” NYSE-owner Intercontinental Exchange Inc. (NYSE:ICE) stated.
Among the largest companies halted on Monday were Berkshire Hathaway Inc. (NYSE:BRK) at 9:50:52 a.m. ET and Chipotle Mexican Grill, Inc. (NYSE:CMG) at 9:44:58 a.m. ET.
Chipotle shares experienced a sudden and dramatic decline of 66%, plummeting ...Full story available on Benzinga.com
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