BRK.B Stock Summary and Trading Ideas (Berkshire Hathaway New | NYSE:BRK.B)

Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm's core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group, and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown off from these and its other operations over the years to acquire Burlington Northern Santa Fe (railroad), Berkshire Hathaway Energy (utilities and energy distributors), and the firms that make up its manufacturing, service, and retailing operations (which include five of Berkshire's largest noninsurance pretax earnings generators: Precision Castparts, Lubrizol, Clayton Homes, Marmon, and IMC/ISCAR). The conglomerate is unique in that it is run on a completely decentralized basis.

Berkshire Hathaway New trades on the NYSE stock market under the symbol BRK.B.

As of April 30, 2024, BRK.B stock price declined to $399.36 with 508,549 million shares trading.

BRK.B has a beta of 0.60, meaning it tends to be less sensitive to market movements. BRK.B has a correlation of 0.28 to the broad based SPY ETF.

BRK.B has a market cap of $868.51 billion. This is considered a Mega Cap stock.

In the last 3 years, BRK.B stock traded as high as $430.00 and as low as $259.85.

The top ETF exchange traded funds that BRK.B belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

BRK.B has underperformed the market in the last year with a price return of +21.6% while the SPY ETF gained +23.8%. However, in the short term, BRK.B had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.2% vs +3.8% return in SPY. But in the last 2 weeks, BRK.B shares have been beat by the market, returning -0.2% compared to an SPY return of +0.8%.

BRK.B support price is $397.37 and resistance is $404.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRK.B stock will trade within this expected range on the day.