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Berkshire Hathaway Strong Financials but Mixed Sentiment Amid Market Underperformance

11 nov 2024 · 2 min. 22 sec.
Berkshire Hathaway Strong Financials but Mixed Sentiment Amid Market Underperformance
Descrizione

**Berkshire Hathaway (BRK.A) Analysis** 1. **Current Price and Intraday Trading Range**: The current price of BRK.A is $695,878.30, with an intraday trading range of $681,505.00 to $694,999.00[1][3]. 2. **Pre-market and...

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**Berkshire Hathaway (BRK.A) Analysis**

1. **Current Price and Intraday Trading Range**: The current price of BRK.A is $695,878.30, with an intraday trading range of $681,505.00 to $694,999.00[1][3].

2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is available in the provided sources.

3. **Trading Volume vs Average**: The trading volume is 1,652 million shares, but no average volume data is provided for comparison[4].

4. **Recent News or Announcements**:
- Berkshire Hathaway reported strong earnings rebound but cut Apple and Bank of America stakes by more than 20% each in Q3[4].
- The company's cash pile hit a record $325.21 billion, and operating profit slipped by 6.2% year-over-year[4].
- CFRA downgraded Berkshire Hathaway B shares to Hold following less-than-stellar Q3 results[4].

5. **Major Analyst Updates or Price Target Changes**: No specific price target changes are mentioned in the provided sources.

6. **Options Flow Activity**: No options flow activity data is available in the provided sources.

7. **Related Semiconductor/AI Sector News**: No direct impact from semiconductor/AI sector news on Berkshire Hathaway is mentioned in the provided sources.

8. **Key Technical Indicators for Day Trading**:
- Support price is $681,505.00, and resistance is $694,999.00 based on a 1-day standard deviation move[4].
- The stock has underperformed the market in the last year with a price return of +24.9%, compared to the SPY ETF's +34.3%[4].
- The 60-month beta is 0.87, indicating relatively low volatility compared to the market[5].

**Market Sentiment**: The recent earnings report and significant cash pile suggest a strong financial position, but the downgrade by CFRA and underperformance compared to the broader market indicate mixed sentiment. The technical indicators suggest a potential trading range within the support and resistance levels.
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Informazioni
Autore QP - Daily
Organizzazione William Corbin
Sito -
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