Berkshire Hathaway Inc 4 Hour Price Update
Updated June 19, 2020 04:36 PM GMT (12:36 PM EST)
The price of BRK.B declined $-0.22 (-0.12%) over the past four hours. For context, Berkshire Hathaway Inc’s peers in the in the Insurance industry are down -0.02% on average in this time, while the broader Financial Services sector is down by an average of -0.42%.
Berkshire Hathaway Inc Daily Price Recap
Berkshire Hathaway Inc is down 0.07% ($0.13) since the day prior, marking the 2nd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 23.69% from the day before — and down 36.19% from the same day the week before. The daily price chart of Berkshire Hathaway Inc below illustrates.
Berkshire Hathaway Inc Technical Analysis
Notably, Berkshire Hathaway Inc is now close to its 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Berkshire Hathaway Inc’s price has gone up 5 of the previous 10 trading days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about BRK.B:
$KR 3SD move & 2+SD 21DMA z-score.
Reported 1Q20 adj'd EPS of $1.22 on revs of $41.55B vs EPS est of $1.09 on est revs of $40.71B. 1Q19 revs were $37.25B.
1Q20 EPS up 69.44% y/y & revs up 11.54% y/y
1Q20 SSS: +19% vs est of +13.8%
1Q20 digital sales up 92%
Did not offer FY20 guide & said they will exceed guide offered on April 1 of $2.30-$2.40 but unable to f/cast the amount due to COVID19. Consensus at $2.74.
Instead of increasing guide by $0.10 or simply reaffirming, they instead created ambiguity by saying that they are unable to forecast. Therefore, the stock is selling off.
Reference – $BRK.B avg price is $28.99
FD: Long – slow money – not a Robinhood or Barstool stock