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Warren Buffett Watch
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In a stunning last-second spike, shares of Warren Buffett's Berkshire Hathaway closed today (Friday) at $147,000 each.
That's an increase of $18,990 a share, or 14.83 percent, the biggest one-day move ever for Berkshire.
It was just late July that Berkshire was down 25 percent from its all-time high set last December.
It is now just 1.5 percent below that closing high of $149,200 and up 31.5 percent above the near-term July 39 low of $111,750.
The stock is up 3.8 percent on the year, compared to the S&P's 14.5 percent YTD decline.
Just this morning, we had a post reporting that Buffett was beating the market for the year, after underperforming the S&P for several months. Now, it's not even close.
The jump to $147 thousand came in the last few trades of the session. Most of the day, the stock was trading between $130,000 and $135,000. The spike appears to be related to a big disparity between buy and sell orders at the close.
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I have no information on any specific catalyst for the move. Berkshire is, however, one of the financial stocks included in the SEC's temporary no-short rule, and that may have something to do with it.
It has been a good few days for Buffett and Berkshire. He picked up a bargain in the energy sector and Reuters notes that his holdings in the financial sector may be up $3.5 billion from the two-day rally that's lit up the sector in the wake of the Treasury's plan to resolve the nation's credit crisis.
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Berkshire reported big stakes in Wells Fargo [WFC
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] in its most recent quarterly portfolio snapshot. Wells is up 19 percent over the two days. American Express gained 22.3 percent.
Current Berkshire stock prices:
Class A: [US;BRK.A
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Class B: [US;BRK.B
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Questions? Comments? Email me at
- New Buffett Biography "Reveals Flaws, Recounts Triumphs" Reports AP In Sneak Peek (September 19)
- Warren Buffett May Have Competition for Constellation Energy (September 19)
- Buffett's Berkshire Bounces Back to Beat the Bears (September 19)
- Food Giant With Big Buffett Stake Stirred Into Dow 30 Index (September 18)
- Warren Buffett Picks Up Constellation Energy At Bargain Price (September 18)
- Warren Buffett Loses Title of World's Richest Billionaire (September 17)
Data is a real-time snapshot *Data is delayed at least 15 minutes