Berkshire Hathaway is down more than $3,000 per share
There's a bunch of Berkshire Hathaway news out on Monday.
And it's sending shares lower.
Warren Buffett's Berkshire conglomerate bought airplane parts maker Precision Castparts in a deal worth $37.2 billion on Monday.
This news followed Berkshire's quarterly earnings report on Friday night that showed profit fell 37% in the second quarter due to higher costs at its insurance units.
Put these two items together, and you've got Berkshire Hathaway Class A shares down more than 1.4% on Monday, or around $3,060 per share to $212,400.
Berkshire Hathaway Class B shares - which trade at 1/1,500 the price of the Class A issues - were near $142 on Monday.
Both classes of stock are down about 6% this year.
Berkshire Hathaway
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh