News Formal

Berkshire Hathaway on track to close with market cap above $800 billion for the first time ever

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

With shares on track for another record-high finish on Tuesday, Warren Buffett’s Berkshire Hathaway Inc. was on pace to close with a market value of more...

With shares on track for another record-high finish on Tuesday, Warren Buffett’s Berkshire Hathaway Inc. BRK.A, +0.88% BRKB, +0.88% was on pace to close with a market value of more than $800 billion for the first time on record. Berkshire’s Class A shares were up 0.8% on Tuesday and trading at $559,271 apiece.

At its current price, the conglomerate would close with a market cap of $804.6 billion. The company, whose businesses include Geico and BNSF Railway, reported a profit last month for its second quarter. Berkshire’s Class A shares are up 19.2% so far this year. By comparison, the S&P 500 Index is up 16.9% over that period.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Berkshire Hathaway Inc. Cl B stock rises Monday, still underperforms marketShares of Berkshire Hathaway Inc. Cl B inched 0.65% higher to $365.52 Monday, on what proved to be an all-around favorable trading session for the stock...
Source: MarketWatch - 🏆 3. / 97 Read more »