Shares of Berkshire Hathaway Inc. (NYSE:BRK.B) traded at a new 52-week high today of $260.23. Approximately 3.7 million shares have changed hands today, as compared to an average 30-day volume of 5 million shares.
In the past 52 weeks, Berkshire Hathaway Inc. share prices are bracketed by a low of $159.50 and a high of $260.23 and is now at $259.89, 63% above that low price.
Berkshire Hathaway Inc. (NYSE:BRK.B) defies analysts with a current price ($259.89) 4.5% above its average consensus price target of $248.11.
Berkshire Hathaway Inc 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.
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