Berkshire Hathaway Back at $90K After 28% Rally Over 12 Days
Shares of Warren Buffett's Berkshire Hathaway (Class A) are back at $90,000 tonight after rallying more then 28 percent over the past 12 trading days.
The stock advanced 6.4 percent today (Monday), or $5426 each, to close at exactly $90,000.00 in New York trading.
That is the biggest one-day percentage gain since the March 10 blowout that saw Berkshire shares soar almost 16 percent, and the second biggest gain this year.
It was just about three weeks ago that we were talking about 5-1/2 year lows for Berkshire's stock.
The shares hit an intraday low of $70,050 on March 5. Today's close is 28.5 percent above that level.
The recent closing low of $72,400 was hit that same day. The stock is up 24.3 percent from that mark.
Berkshire has pulled ahead of the benchmark S&P 500 in year-to-date performance. At the beginning of March, they were roughly tied with declines of 23 percent.
Today Berkshire has cut that 2009 drop to just 6.8 percent. The S&P has sliced its YTD decline to 8.9 percent.
Current Berkshire stock prices:
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