Berkshire Hathaway (BRK-B) shares fell 1.97% to $498.08 as the company navigates its first full quarter under new CEO Greg Abel following Warren Buffett's retirement.
- Analysts from The Motley Fool suggest the stock is overvalued, noting that share buybacks have been paused for five consecutive quarters.
- The conglomerate faces ongoing challenges in finding large-scale deals necessary to sustain its massive operational scale.
- The decline occurred despite the broader market celebrating the Dow hitting a record 50,000.