Berkshire Hathaway Inc. Cl B stock outperforms market despite losses on the day

Shares of Berkshire Hathaway Inc. Cl B BRK.B, -0.90% dropped 0.90% to $307.78 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.44% falling 1.44% to 3,941.26 and Dow Jones Industrial Average DJIA, -1.03% falling 1.03% to 33,596.34. This was the stock’s second consecutive day of losses. Berkshire Hathaway Inc. Cl B closed $54.32 short of its 52-week high ($362.10), which the company achieved on March 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Honeywell International Inc. HON, -1.12% fell 1.12% to $213.19, General Electric Co. GE, +0.73% rose 0.73% to $85.28, and 3M Co. MMM, -0.04% fell 0.04% to $124.58. Trading volume (3.9 M) remained 257,881 below its 50-day average volume of 4.1 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
After a punishing 2022, it may be time to bet on bonds backed by the U.S. government, particularly if a recession hits, according to Truist Advisory Services.

Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Visit a quote page and your recently viewed tickers will be displayed here.

source