On Wednesday, shares of Berkshire Hathaway Inc. Cl B (BRK.B) took a slight dip of 0.46%, closing at $357.78. This decline marked the stock’s second consecutive day of losses.
Mixed Trading Session for the Stock Market
The stock market experienced a mixed trading session, with the S&P 500 Index (SPX) showing a minor increase of 0.02% to reach 4,274.51. Conversely, the Dow Jones Industrial Average (DJIA) fell 0.20% to settle at 33,550.27.
Just Short of 52-Week High
Berkshire Hathaway Inc. Cl B closed $15.56 below its 52-week high of $373.34, which it achieved on September 19th. While the stock showed a decline, it is still in relative proximity to its yearly high.
Comparison with Competitors
In comparison to its competitors, Berkshire Hathaway’s performance was not as strong on Wednesday. Honeywell International Inc. (HON) dropped marginally by 0.01% to $187.88, while General Electric Co. (GE) saw a rise of 0.87% to $110.89. Illinois Tool Works Inc. (ITW) had the strongest gain among rivals, increasing by 1.00% to $232.40.
Trading Volume Higher than Average
During the trading session, the trading volume for Berkshire Hathaway Inc. Cl B reached 3.5 million shares, exceeding its 50-day average volume of 3.1 million shares.
