Berkshire Hathaway A Stock Surges to $467 Million Trading Volume as Warren Buffett Announces Retirement

Market BriefMonday, May 12, 2025 8:00 pm ET
1min read

On May 12, 2025, Berkshire Hathaway A (BRK.A) saw a trading volume of $467 million, marking a 76.6% increase from the previous day. The stock rose by 0.14%, extending its two-day winning streak with a total gain of 0.40%.

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has announced his plans to step down from his role at the end of 2025. This decision marks the end of an era, as Buffett has been at the helm of the company since 1965. Despite his departure from the CEO position, Buffett will remain as the chairman, ensuring a smooth transition of leadership.

Vice Chairman Greg Abel is set to take over as the new CEO. Abel, who has been with the company for many years, is widely regarded as a world-class business executive. Charlie Munger, Buffett's long-time business partner, had previously expressed confidence in Abel's abilities, stating that he is even better than Buffett in some important ways. Munger's endorsement adds credibility to the belief that Berkshire Hathaway will continue to thrive under Abel's leadership.

Berkshire Hathaway's strong portfolio of businesses, which includes a diverse range of industries from railroads to utilities, provides a solid foundation for future growth. The company's durable competitive advantages and high momentum are expected to sustain its success, even under new management. Additionally, the company's substantial cash reserves and strategic investments position it well for continued growth and innovation.

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