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Berkshire Hathaway (BRK-B) Soars: Stock Adds 5.3% in Session

Berkshire Hathaway Inc. BRK.B was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $184.91 to $192.00 in the past one-month time frame.

The stock gained after the company eased restrictions on its share buyback rules.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Berkshire Hathaway. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Berkshire Hathaway currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.

Berkshire Hathaway Inc. Price

Berkshire Hathaway Inc. Price | Berkshire Hathaway Inc. Quote

Another stock worth considering in the Insurance - Property and Casualty industry is Hallmark Financial Services, Inc. HALL, which also carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BRK-B going up? Or down? Predict to see what others think: Up or Down

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Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report
 
Hallmark Financial Services, Inc. (HALL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
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