Shares of Berkshire Hathaway Inc. Cl B (BRK.B) witnessed a decline of 0.13% on Monday, closing at $352.09. The stock experienced its fifth consecutive day of losses, reflecting a mixed trading session in the stock market.
During Monday's trading session, the S&P 500 Index (SPX) showed an upward trend, rising by 0.69% to reach 4,399.77. On the other hand, the Dow Jones Industrial Average (DJIA) fell by 0.11% to 34,463.69.
Close to 52-Week High
Berkshire Hathaway Inc. Cl B closed at $12.54 below its 52-week high of $364.63, which was achieved on August 7th. Despite the recent decline, the company still remains near its yearly high.
Underperformance Compared to Competitors
In comparison to its competitors, Berkshire Hathaway Inc. Cl B underperformed on Monday. Honeywell International Inc. (HON) gained 0.20% to reach $186.95, General Electric Co. (GE) rose by 0.21% to $112.02, and Illinois Tool Works Inc. (ITW) experienced a slight decline of 0.01% to settle at $235.75.
The trading volume for Berkshire Hathaway Inc. Cl B on Monday was 2.4 million shares, which is 762,553 shares lower than its 50-day average volume of 3.2 million shares.