Berkshire Hathaway Class B shares dropped 0.94% to $493.96, tracking negative sentiment across U.S. markets and facing pressure related to its significant financial holdings.
- The decline occurred as financial stocks faced pressure, with key holding Bank of America (BAC) set to report earnings today following mixed results from JPMorgan.
- Analysts previously noted that the stock's premium valuation (P/E 22.21) and the ongoing post-Buffett transition leave it vulnerable to market uncertainty.