Berkshire Hathaway Class B shares rise in positive market but trail competitors

Berkshire Hathaway Inc . (NYSE:)’s Class B shares (NYSE:BRK.B) continued their upward trend for a third consecutive day on Friday, with a modest gain of 0.37%, closing at $346.34. This comes amidst a broadly positive market, where the and advanced to 4,308.50 and 33,407.58 respectively.

Despite the positive movement, Berkshire Hathaway’s performance was overshadowed by its competitors Honeywell International Inc. (NYSE:NASDAQ:), General Electric Co. (NYSE:NYSE:), and Illinois Tool Works Inc. (NYSE:NYSE:). The shares of these companies saw more substantial increases on Friday, with Honeywell International Inc. gaining 2.58% to close at $184.66, General Electric Co. rising by 2.53% to $111.47, and Illinois Tool Works Inc. increasing by 0.95% to reach $235.05.

Berkshire Hathaway’s trading volume on Friday was recorded at 3.1 million shares, slightly below its 50-day average trading volume. The company’s Class B shares closed $27 (7.2%) below its 52-week high of $373.34, which was achieved on September 19th, 2023.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.