Berkshire Hathaway's Class B shares pushed past their previous peak from May 2, 2025, setting a new high on Wednesday. That prior peak occurred the day before Buffett, to the astonishment of investors, fans, and even his successor, said he would step down as CEO after nearly six decades.
The stock slid for months after the announcement, signaling real concern about life after Buffett. The rebound has gathered steam; Class B rose as high as 3.2%, reaching $543.06 in New York, a sign that confidence is returning.
The rebound helps Greg Abel, Buffett's chosen successor, who has led for less than a year at the Omaha, Nebraska based conglomerate. Abel reshuffled parts of the leadership team, began deploying Berkshire's large cash hoard, brought back share repurchases, and executed two back to back multibillion dollar deals that build out home building via Taylor Morrison Home Corp. and back Alphabet's investments in artificial intelligence.
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Berkshire is expected to report third quarter earnings on November 7, offering a clearer read on how Abel's moves are flowing through to results and, by extension, your portfolio.
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