Berkshire Hathaway at 12-Week High After 11% Rally Over 10 Sessions
Warren Buffett's Berkshire Hathaway closed today (Friday) at a 12-week high. The stock ended the day (and week, and month) at $134,650, up 1.9 percent on the day.
With help from 5 consecutive daily advances, Berkshire is up 10.8 percent from its recent low of $121,510 on March 15, the day Berkshire released its portfolio snapshot for the first quarter of the year. That was the lowest close for the stock since last October.
The stock has been under pressure since hitting an all-time high of $149,200 on December 10 of last year.
Last December, Barron's ran a prominent "Sell Buffett" headline on its cover, when the stock was going for $143,000.
More recently, short-seller Doug Kass has been critical of what he calls Buffett's "investment-style drift."
Current Berkshire price:
See Warren Buffett Watch on CNBC's The Call, most weekday mornings at 11:50a ET
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