Shares of Berkshire Hathaway Inc. Cl B Slump

by Warren Seah

Shares of Berkshire Hathaway Inc. Cl B (Ticker: BRK.B) slumped by 0.26% to $345.45 on Monday’s trading session. This decline came after a three-day winning streak for the stock.

Overall Positive Market Session

In contrast to the stock’s performance, the broader stock market had a great trading session. The S&P 500 Index (Ticker: SPX) rose by 0.63% to reach 4,335.66, while the Dow Jones Industrial Average (Ticker: DJIA) increased by 0.59% to reach 33,604.65.

Just Short of 52-Week High

Although Berkshire Hathaway Inc. Cl B fell, it closed $27.89 short of its 52-week high, achieved on September 19th, when it reached $373.34.

Mixed Performance Compared to Competitors

When compared to some of its competitors, Berkshire Hathaway Inc. Cl B had a mixed performance on Monday. Honeywell International Inc. (Ticker: HON) rose by 1.01% to $186.52, while General Electric Co. (Ticker: GE) fell by 1.09% to $110.26. Additionally, Illinois Tool Works Inc. (Ticker: ITW) saw a decline of 0.24% to $234.48.

Trading Volume Below Average

The trading volume for Berkshire Hathaway Inc. Cl B was 2.8 million, which remained below its 50-day average volume of 3.1 million.

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