Berkshire Hathaway Inc 4 Hour Price Update
Updated July 01, 2020 04:34 PM GMT (12:34 PM EST)
In the past four hours of today’s trading session, BRK.B’s price is down $-0.19 (-0.1%). To help put that in perspective, note that Berkshire Hathaway Inc’s peers in the in the Insurance industry are down -0.98% on average during this time, while its counterparts in the broader Financial Services sector are down by an average of -1.33%.
Berkshire Hathaway Inc Daily Price Recap
Berkshire Hathaway Inc closed the previous day up 0.74% ($1.32); this denotes the 2nd day in a row it has gone up. The price move occurred on volume that was up 29.62% from the day prior, but down 22.86% from the same day the week before. Let’s take a look at the 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 averages, located at 181.55 respectively, and thus may be at a key juncture along those timeframes. Volatility for Berkshire Hathaway Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Or to view things another way, note that out of the past 10 days Berkshire Hathaway Inc’s price has gone up 5 them.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about BRK.B:
$BRK.B $AAPL $KO Coke’s stock got way overvalued in the 1990s and Buffett held on, but since then Coke’s return has been awful. I’m worried we might have a similar situation with Apple. Amazing company that is significantly overvalued. I think it would make sense for Berkshire to trim some Apple and use the proceeds for buybacks. A company should not be trading at 30x earnings if it’s not growing.