Berkshire Hathaway Inc (BRK.B) 3 Day Down Streak Broken; in a Downtrend Over Past 14 Days

Berkshire Hathaway Inc 4 Hour Price Update

Updated June 23, 2020 04:33 PM GMT (12:33 PM EST)

BRK.B traders saw its share price jump 0.49% ($0.88) over the past four hours of trading. To help put that in perspective, note that Berkshire Hathaway Inc’s peers in the in the Insurance industry are up 0.6% on average during this time, while its counterparts in the broader Financial Services sector are up by an average of 1.23%.

Berkshire Hathaway Inc Daily Price Recap

The end of a 3 day negative run has come for Berkshire Hathaway Inc, which finished yesterday up 0.25% ($0.45). This move happened on lower volume, as yesterday’s volume was down 34.96% from the day before — and down 62.9% from the same day the week before. The daily price chart of Berkshire Hathaway Inc below illustrates.

Berkshire Hathaway Inc Technical Analysis

Coming into today the current price of Berkshire Hathaway Inc is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Berkshire Hathaway Inc’s price has gone up 15 of the previous 30 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to BRK.B:

    $DOCU $MYL $BRK.B So I’m not an analyst or one of those accounts who shove the daily pre market gainers down your throat. I’m just proud of some of the best calls I’ve made yet so far and I feel like the best thing I can do while I just sit back and watch them grow is to put them on as
    Many people’s radars as I can! And plus if I make one of you randoms some $ ima feel pretty good about that hahaha lmk if you get In to one of the positions it’s always better communicating with people who own the same stocks/options as you. All 3 of these stocks are profitable with stocks or options. I just started doing options last week and I’m so glad I learned now cuz it lets you make a higher % return with less money than stocks takes. There’s a few more ways to lose $ than with regular stocks but what makes these such a good options trade is the likeliness of it only moving up from this point and how cheap the options are right now. More than
    Happy to help y’all and answer any questions 💯✅

    Nealio