Shares of Berkshire Hathaway (NYSE:BRK.B) traded at a new 52-week high today of $102.10. This new high was reached on below average trading volume as 2.8 million shares traded hands, while the average 30-day volume is approximately 4.1 million shares.
Over the past year, Berkshire Hathaway has traded in a range of $78.18 to $102.10 and is now at $101.75, 30% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.
Berkshire Hathaway Inc. is a holding company owning subsidiaries in a variety of business sectors. The Company's principal operations are insurance business conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire's other operations include The Buffalo News, aviation training, and retail furniture businesses, as well as shoe, candy, and rug manufacturing.
Berkshire Hathaway (NYSE:BRK.B) has potential upside of 1.2% based on a current price of $101.75 and analysts' consensus price target of $103.00. The stock should find initial support at its 50-day moving average (MA) of $95.32 and further support at its 200-day MA of $87.68.