Berkshire Hathaway's stock rebounds, yet lags behind Honeywell, GE, and Illinois Tool Works

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Berkshire Hathaway's stock rebounds, yet lags behind Honeywell, GE, and Illinois Tool Works
Credit: © Reuters.

Berkshire Hathaway (NYSE: BRKa )'s stock broke its six-day losing streak on Wednesday, gaining 0.19% to reach $343.69 per share. Despite this rebound, the stock remained $29.65 below its peak in September, according to an analysis by Automated Insights using Dow Jones and FactSet data.

The rise in Berkshire Hathaway's shares coincided with a broader market upturn, with the S&P 500 and Dow Jones indices registering gains of 0.81% and 0.39% respectively on the same day.

However, compared to other industrial giants, Berkshire Hathaway's performance was relatively subdued. Honeywell (NASDAQ: HON ), General Electric (NYSE: GE ), and Illinois Tool Works (NYSE: ITW ) all outperformed Berkshire Hathaway on Wednesday, posting gains of 0.75%, 1.01%, and 0.72% respectively.

In contrast to its muted price performance, Berkshire Hathaway's trading volume showed exceptional vigor. On Wednesday, the firm traded 3.2 million shares, surpassing its 50-day average trading volume.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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