首页 News 正文

The stock price has exceeded $600000! Buffett's new milestone

万小盈
1301 0 0

This week, Berkshire Hathaway, a subsidiary of Warren Buffett, achieved a historic milestone with its A-share price breaking through the $600000 mark for the first time.
The soaring stock price may soon lead this traditional industry conglomerate to join the trillion dollar elite club, an achievement that no American company outside the technology industry has achieved.
As of now, Berkshire's A report is $610000 per share, with a market value soaring to $880.965 billion, making it the seventh largest listed company in the United States.
This Omaha based giant has risen 1.84% in the past 5 trading days, 5.55% in February, 12.43% year to date, and 30.54% in the past 52 weeks.
There is still a gap of 120 billion US dollars from the trillion dollar market value

As of the end of 2023, Berkshire's market value was approximately $777 billion, compared to $682 billion at the end of 2022. The journey of Berkshire A-shares from $500000 to $600000 took approximately two years.
During this period, Buffett implemented significant strategic initiatives. This includes the acquisition of insurance company Alleghany for $11.6 billion, holding nearly 30% of Western Oil Company's shares, and Geico's successful turnaround from losses to profits. In addition, Buffett strategically invested billions of dollars in treasury bond to take advantage of rising interest rates and expand his already profitable shares in Japanese trading companies.
Berkshire launched lower priced B-class stocks in 1996. At that time, the trading price of Class A stocks was slightly higher than $30000, while the starting price of Class B stocks was 1/30 of Class A, about $1000. Nowadays, Berkshire's B-class stocks are trading at a slightly higher price than $400, partly due to Berkshire's stock split after acquiring railway operator BNSF in 2010.
Berkshire may be included in the Mag 7 list

As Berkshire's market value rises, people are beginning to discuss whether it may be included in the list of Magnifier 7 (Mag 7) stocks.
This is a group of stocks that led the market to soar in 2023, including Microsoft, Alphabet, Amazon, Apple, Meta Platforms, Nvidia, and Tesla.
Strategas Securities, a renowned research firm on Wall Street, has identified Berkshire as one of the three major stocks in the Mag 7 group that could replace Tesla, alongside Broadcom and Lilly. According to Strategas, Berkshire is currently the most suitable candidate to replace with Mag 7 based on market value weighting and profit contribution to the S&P 500 index.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   自美国大选结果出炉、美国前总统特朗普宣布胜选以来,作为其本次竞选的“大金主”、特斯拉首席执行官埃隆·马斯克也赢麻了。   截至上周五美股收盘,特斯拉股价单日暴涨8.19%,总市值也重新站稳1万亿美元关口 ...
    chpuu
    前天 10:56
    支持
    反对
    回复
    收藏
  •   本报讯 (记者李豪悦)11月12日,腾讯音乐娱乐集团(以下简称“腾讯音乐”)宣布其截至2024年9月30日止第三季度的未经审计财务业绩。   2024年第三季度,腾讯音乐娱乐集团业绩表现稳健,总收入为70.2亿元,同 ...
    覃志辉
    昨天 20:07
    支持
    反对
    回复
    收藏
  •   波音公司当地时间11月11日表示,该公司负责商用飞机品质的高级副总裁伊丽莎白·伦德(Elizabeth Lund)将于12月退休。伦德在波音公司工作了33年,在1月5日阿拉斯加航空公司一架新的737 MAX 9飞机在空中舱门脱落 ...
    charles1121
    昨天 13:15
    支持
    反对
    回复
    收藏
  •   近日,福特纵横户外主题乐园于“孔孟之乡、运河之都”——中国济宁正式揭牌。该公园是继福特在北美成功打造了六座“Bronco Nation”福特烈马公园后,全球第七座、北美以外唯一、也是中国首座户外主题乐园。   ...
    fly520
    前天 13:27
    支持
    反对
    回复
    收藏
万小盈 新手上路
  • 粉丝

    0

  • 关注

    0

  • 主题

    3