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Home News Berkshire Hathaway Class B Shares Show Modest Gains Amidst a Positive Market, But Lag Behind Competitors

Berkshire Hathaway Class B Shares Show Modest Gains Amidst a Positive Market, But Lag Behind Competitors

by sun

Berkshire Hathaway Inc. (NYSE: BRKa)’s Class B shares (NYSE: BRK.B) maintained their upward trajectory for the third consecutive day, closing with a modest gain of 0.37% at $346.34 on Friday. This positive performance occurred within the backdrop of a broadly optimistic market, as the S&P 500 Index and Dow Jones Industrial Average posted gains, reaching 4,308.50 and 33,407.58, respectively.

Despite this favorable movement, Berkshire Hathaway’s Class B shares found themselves in the shadow of competitors Honeywell International Inc. (NYSE: HON), General Electric Co. (NYSE: GE), and Illinois Tool Works Inc. (NYSE: ITW), which witnessed more substantial increases in their stock prices on the same day. Honeywell International Inc. experienced a notable surge of 2.58%, closing at $184.66, while General Electric Co. registered a gain of 2.53% to reach $111.47, and Illinois Tool Works Inc. saw an uptick of 0.95%, closing at $235.05.

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On Friday, Berkshire Hathaway’s trading volume reached 3.1 million shares, slightly below its 50-day average trading volume. It is worth noting that the Class B shares of the company concluded the day trading at $27 (7.2%) below their 52-week high of $373.34, which was achieved on September 19th, 2023.

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In summary, Berkshire Hathaway’s Class B shares displayed a positive trend amidst a favorable market backdrop, although they lagged behind key competitors who recorded more significant gains during the trading session.

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