Investors Suffer Steep Losses After Trying to Buy the Dip During NYSE Glitch
- Berkshire Hathaway investors tried buying during NYSE trading glitch
- Some ended up with shares at full price instead of the discounted rate
- Investors complained on WallStreetBets forum
- Brokers are working to reverse affected trades
During a recent trading glitch on the New York Stock Exchange, some Berkshire Hathaway investors attempted to buy shares at a discounted rate but ended up with full-priced shares instead. Several traders shared their experiences on Reddit’s WallStreetBets forum, reporting steep losses and margin debt. Electronic brokerages like Interactive Brokers and Charles Schwab are working to reverse affected trades.
Source: https://www.marketwatch.com/story/some-berkshire-hathaway-investors-tried-buying-the-dip-during-mondays-glitch-but-ended-up-with-shares-at-full-price-instead-fa6f3464?mod=newsviewer_click
Factuality Level: 7
Factuality Justification: The article provides accurate information about the NYSE trading glitch and its impact on Berkshire Hathaway Inc. Class A shares, as well as responses from some of the affected brokers. It also includes speculation about why traders may have been affected by the glitch. However, it lacks direct quotes or confirmation from the affected traders themselves, which could strengthen the article’s factuality level.
Noise Level: 5
Noise Justification: The article provides some relevant information about a trading glitch on the New York Stock Exchange that affected Berkshire Hathaway Inc. Class A shares and discusses potential reasons behind it. However, it contains some irrelevant details such as mentioning other companies affected by the glitch and speculation about traders’ order types. The article also includes unrelated information about electronic-brokerage platforms and their responses to the issue. Overall, the content is not very informative or insightful.
Public Companies: Berkshire Hathaway Inc. (BRK.A), Bank of Montreal (BMO), Chipotle Mexican Grill Inc. (CMG), Barrick Gold Corp. (GOLD), Interactive Brokers Group Inc. (IBKR), Charles Schwab Corp. (SCHW)
Key People:
Financial Relevance: Yes
Financial Markets Impacted: New York Stock Exchange, Berkshire Hathaway Inc. Class A shares, Bank of Montreal, Chipotle Mexican Grill Inc., Barrick Gold Corp.
Financial Rating Justification: The article discusses a trading glitch on the New York Stock Exchange that impacted the pricing of various stocks, including Berkshire Hathaway Inc. Class A shares, and how brokers are handling the issue for their customers.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article. It discusses a trading glitch on the New York Stock Exchange that affected some investors’ orders for Berkshire Hathaway Inc. Class A shares, but it does not qualify as an extreme event.
www.marketwatch.com 
