June 3 (Reuters) - NYSE Equities said on Monday it had

resolved a reported technical issue regarding Limit Up-Limit

Down bands that sent dozens of stocks, including Berkshire

Hathaway ( BRK/A ) and Chipotle Mexican Grill ( CMG ), into

volatility pauses.

The impacted stocks have since reopened or are in the

process of reopening and the price bands issue has been

resolved, the NYSE said.

The LULD mechanism is meant to prevent extraordinary market

volatility and extreme price movements in individual securities.

It prevents trading from occurring outside of specific price

bands that are continuously updated throughout the trading day.

The price bands for each security are set at a percentage

level above and below the average reference price of the

security over the immediately preceding five-minute period.

Several stocks listed on the NYSE, such as and Barrick Gold

, among others, were halted for volatility.

Some stocks showed unusual outsized movements. Berkshire

Hathaway ( BRK/A ) and Barrick Gold shares were shown to be down 99.97%

and 98.54%, respectively, due to the technical issue.

"It's erroneous trade reports and will get taken from the

tape," Joe Saluzzi, co-head of equity trading at Themis Trading,

said. "It's somebody having a glitch whether its the exchange or

a market maker."

Technical issues on exchanges can hit markets, impact

traders' confidence and attract scrutiny from the U.S.

securities regulator.

The NYSE did not immediately respond to a Reuters request

for comment.