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Warren Buffett's Berkshire Hathaway stock price is too high for Nasdaq to handle

Warren Buffett's Berkshire Hathaway stock price is too high for Nasdaq to handle

ABC News
Friday, May 07, 2021 08:52:48 PM UTC

Berkshire Hathaway's stock hit a price this week too high for Nasdaq's current computer system to manage.

Berkshire Hathaway's Class A shares performed well this week in the wake of the company's annual shareholder meeting. Too well for Nasdaq's computer system, in fact. CEO and Chairman Warren Buffett has famously refused to split the stock, which companies do to lower the price of a stock to make it more attractive to investors, because of his emphasis on attracting long-term investors. With that, the share price moved past $420,000 -- and passed a threshold Nasdaq's computer system was not designed to handle. The current system can only manage prices up to $429,496.7295, as The Wall Street Journal explained in depth, and Berkshire's share price was continuing to climb.
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