QUICK SPARK: Berkshire Stock Is Doing Something It Hasn’t Done Since January 2018
Piero Cingari 2 weeks ago
Top StoriesLarge CapEquities
Berkshire Hathaway has risen 10 sessions in a row, its first such streak since January 2018 and the first under CEO Greg Abel.
Warren Buffett no longer oversees Berkshire Hathaway Inc. (NYSE:BRK), but the stock is behaving the way it last did when he still did.
Berkshire stock is on track to close its 10th consecutive session of gains, a run that began on Oct. 1 and has lifted the shares 4.9% to about $522.
The last 10-day winning streak ended Jan. 17, 2018, at the tail end of the tax-cut melt-up, with Buffett in the CEO chair.
A 10-day winning streak has happened only six times in the fund’s history since 1996; the record is 15, set in August 2017.
On Wednesday, Berkshire put another $330 million into AI software firm Bending Spoons (NASDAQ:BSP). Berkshire is among the largest holdings of the Financial Select Sector SPDR Fund (NYSE:XLF).
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