Berkshire Hathaway shares reached an eight-month high this week
Berkshire Hathaway’s stock (NYSE: BRK.A, BRK.B) is rallying today because the company still trails the wider market, trades below last year’s richer valuation, holds almost $400 billion in cash, and may have bought back billions of dollars of its own shares.
Barron’s reported that the rally carried the conglomerate to an eight-month high this week. The gain also came while technology shares fell, drawing money toward a large defensive company with businesses in insurance, rail, energy, manufacturing, retail, and finance.
The Class B shares closed Tuesday at $512.37, their best finish since November 28, when they ended at $513.81. They had closed Friday at $511.54, or 5.2% below the record close of $539.80 set on May 2, 2025.
That record came one day before Warren Buffett said he would leave the CEO job at the end of 2025. The Class A shares ended Tuesday at $768,010, also their highest close since November 28’s $770,100. Friday’s Class A close of $766,600 was 5.3% under its record of $809,350.
… Continue reading the full article at the original source below.
