Shares of Berkshire Hathaway Inc. Cl B (BRK.B) made a modest gain of 0.37% on Thursday, closing at $360.00. This upward movement came amidst a successful trading session for the overall stock market. The S&P 500 Index (SPX) saw a 0.38% increase to reach 4,567.80, while the Dow Jones Industrial Average (DJIA) experienced a notable 1.47% rise, closing at 35,950.89.
Breaking the Losing Streak
This increase in stock price put an end to a three-day losing streak for Berkshire Hathaway Inc. Cl B.
Remaining Below the 52-Week High
Despite the gains, the stock closed $13.34 below its 52-week high of $373.34, which was achieved on September 19th.
Underperformance Compared to Competitors
In terms of performance, Berkshire Hathaway Inc. Cl B fell short when compared to some of its competitors on Thursday. Honeywell International Inc. (HON) saw an increase of 0.85% to reach $195.92, General Electric Co. (GE) rose by 2.47% to $121.80, and Illinois Tool Works Inc. (ITW) experienced a modest increase of 0.57% to close at $242.21.
Strong Trading Volume
The stock had a trading volume of 4.4 million shares, surpassing its 50-day average volume of 3.1 million shares, indicating heightened investor interest.
