Mrzorro
05-05

Berkshire Hathaway Shares Tumble 6% as End of Buffett Era Nears


$Berkshire Hathaway(BRK.B)$   shares tumbled more than 6% Monday, approaching its worst loss since 2020 after CEO Warren Buffett announced Saturday that he is stepping down by year-end, paving the way for vice chairman Greg Abel to take the helm at the conglomerate he led for six decades and turned into a $1.1 trillion company. 

Just as Buffett predicted, the board voted unanimously on Sunday to make Abel president and CEO on Jan. 1, 2026. Buffett, now 94 years old, will stay on as chairman, CNBC reported Monday. 

While Buffett said during the company's annual shareholders meeting over the weekend that he will still be around and "can conceivably be useful in a few cases," that wasn't enough to assuage investors.

The class B shares tumbled as much as 6.5% to $504.61 Monday morning, the biggest intra-day decline since April 4, when they posted their worst daily performance since the global pandemic. Might be a good chance to buy the dip? 🤔


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Berkshire Plunges 5%: Buy the Dip or Exit as Buffett Retires?
Buffett announced that he would step down as CEO of Berkshire Hathaway by the end of the year. BRK.B stock falls 5% during trading. Buffett stated that he has no plans to sell his shares in Japan’s five major trading houses for a long time. -------- Will you buy the dip as the stock falls? Or stay away as the future is uncertain? Will you turn to Japanese stocks?
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