Berkshire Hathaway Inc 4 Hour Price Update
Updated June 22, 2020 04:33 PM GMT (12:33 PM EST)
BRK.B’s price is down $-0.3 (-0.17%) over the past four hours of trading. For context, Berkshire Hathaway Inc’s peers in the in the Insurance industry are down -0.44% on average in this time, while the broader Financial Services sector is down by an average of -0.58%.
Berkshire Hathaway Inc Daily Price Recap
Berkshire Hathaway Inc came into today down 0.56% ($1.01) from the open of yesterday, marking the 3rd day in a row it has gone down. As for how volume fared, yesterday’s volume was up 78.2% from the previous day (Saturday), and up 19.5% from Sunday of the week before. Below is a daily price chart of Berkshire Hathaway Inc.
Berkshire Hathaway Inc Technical Analysis
Coming into today 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 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Berkshire Hathaway Inc’s price has gone up 15 them.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to BRK.B:
$BRK.B $SPY $VOO There have been long periods (10+ years) where the S&P has lost money even after dividends. The most recent example is 2000-2009. Meanwhile, the worst decade Berkshire ever had (also 2000-2009), Berkshire was still up 70%. Then from 2010-2019, Berkshire barely underperformed the market (after S&P dividend reinvestment).
I’m betting that an investment in Berkshire today will do much better than an investment in an index fund over the next 10 years. Even if I’m wrong, Berkshire will still give me a satisfactory return.