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Berkshire Hathaway (BRK-B) Soars: Stock Adds 5.3% in Session
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Berkshire Hathaway Inc. (BRK.B - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $184.91 to $192.00 in the past one-month time frame.
The stock gained after the company eased restrictions on its share buyback rules.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Berkshire Hathaway. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Berkshire Hathaway currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Is BRK-B going up? Or down? Predict to see what others think: Up or Down
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Berkshire Hathaway (BRK-B) Soars: Stock Adds 5.3% in Session
Berkshire Hathaway Inc. (BRK.B - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $184.91 to $192.00 in the past one-month time frame.
The stock gained after the company eased restrictions on its share buyback rules.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Berkshire Hathaway. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Berkshire Hathaway currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Berkshire Hathaway Inc. Price
Berkshire Hathaway Inc. Price | Berkshire Hathaway Inc. Quote
Another stock worth considering in the Insurance - Property and Casualty industry is Hallmark Financial Services, Inc. (HALL - Free Report) , which also carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Is BRK-B going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>