By Janet H. Cho
Berkshire Hathaway stock notched a fresh high on Thursday, as it races past the S&P 500 this year.
Berkshire's Class A stock was up 0.6% at $794,347 just before noon Eastern, a new record based on available data since Sept. 8, 1976, according to Dow Jones Market Data. It has traded as high as $795,671 on Thursday, up 0.7%, and a new intraday high.
Berkshire's Class A stock is up 17% year to date.
Berkshire's Class B shares were up 0.9%, at $529.83 just before noon Eastern, also a new record high, based on available data since May 9, 1996. The stock is on its longest winning streak since Jan. 21, when it climbed for six straight trading days, according to Dow Jones Market Data.
The stock also hit a new intraday high, reaching $530.61, up 1%.
The stock is seeing its best six-day stretch since it rose 8.6% over the six days ending July 17, 2024, and is up 17% year to date.
The S&P 500, meanwhile, was up 0.3% to 5690. The benchmark index is down 3.1% so far this year.
Barron's reported on Monday, when shares closed at new highs, that nothing immediate had triggered the gains. Investors appear pleased with CEO Warren Buffett's steady leadership, the company's performance, its more than $300 billion in cash and equivalents and earnings power, and its market value at more than $1.13 trillion.
Write to Janet H. Cho at janet.cho@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 20, 2025 12:57 ET (16:57 GMT)
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