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
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