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Why Berkshire Hathaway Stock Barely Budged as Wall Street Sank on Oil Fears
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Why Berkshire Hathaway Stock Barely Budged as Wall Street Sank on Oil Fears
Berkshire Hathaway’s Class B shares closed at $480.94 on Friday, down 0.1%, outperforming a 1.51% drop in the S&P 500. The company resumed share buybacks March 4, spending over $200 million by mid-month. Fourth-quarter operating profit fell 30% to $10.2 billion, while Geico’s underwriting profit and energy operations also declined. S&P Global warned it may cut Berkshire-owned PacifiCorp’s credit rating to junk. The post Why Berkshire Hathaway St…
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