A New York Stock Exchange glitch showed erroneous prices for several stocks, including Berkshire Hathaway class A shares (BRK-A), which were shown to be down 99.9%. The issue has since been resolved. In the video above, Yahoo Finance's Jared Blikre breaks down what happened on Wall Street today. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
A dive inside the Pershing Square portfolio shows Bill Ackman making a highly concentrated bet on six stocks, with simple and straightforward businesses like hotels and restaurant chains such as Chipotle Mexican Grill among the top holdings. Only one of the six holdings is a technology stock — Google-parent Alphabet. Ackman, the head of the Pershing Square hedge fund, picked up Google stock in the first quarter of 2023, when shares had fallen to a two-year low, staying true to his image as more of a value investor than many of his peers.
Many Chipotle Mexican Grill, Inc. ( NYSE:CMG ) insiders ditched their stock over the past year, which may be of...