Berkshire Hathaway Inc. Stock Slumps on Positive Market Session

Shares of Berkshire Hathaway Inc. Cl B (BRK.B) experienced a slight decline of 0.11% to $355.55 on Monday, amidst an overall positive trading session in the stock market. The S&P 500 Index (SPX) saw a 0.63% increase to 4,433.31, while the Dow Jones Industrial Average (DJIA) rose by 0.62% to reach 34,559.98.

Halting a Three-Day Winning Streak

After three consecutive days of gains, Berkshire Hathaway Inc. Cl B ended the day with a decline.

A Gap from its 52-Week High

Closing at $9.08 below its 52-week high of $364.63, which was achieved on August 7th, the stock fell short of expectations.

Underperformance Compared to Competitors

In comparison to some of its competitors on Monday, Berkshire Hathaway Inc. Cl B underperformed. Honeywell International Inc. (HON) saw a 0.85% increase to $187.88, General Electric Co. (GE) rose by 1.78% to $113.96, and Illinois Tool Works Inc. (ITW) experienced a 0.77% rise to $242.43.

Lower Trading Volume

The trading volume for Berkshire Hathaway Inc. Cl B stood at 1.7 million shares, which is 1.4 million below its 50-day average volume of 3.1 million shares.