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Berkshire Hathaway Inc‘s (NYSE:BRK) stock soared to unprecedented levels, closing at $483.08 on Wednesday after hitting a 52-week high of $491.67.
The stock has been on a tear, gaining 34% over the past year and 19.6% over the past six months.
Chart created with Benzinga Pro
With the price trading well above the major moving averages – including a 200-day SMA of $430.63 – technical indicators suggest the bullish trend is intact.
However, with the Relative Strength Index (RSI) at 68.79, the stock is teetering close to overbought territory, raising questions about its sustainability. Despite this, a Moving Average Convergence Divergence (MACD) value of 5.56 indicated that strength was continuing.
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Even though his net worth is $150 billion, Warren Buffett is not slowing down its philanthropic mission. On Monday, the Oracle of Omaha pledged another $1.15 billion in Berkshire stock to his family’s charities, continuing his 2006 pledge to give away most of his wealth.
Buffett has now donated 56.6% of his Berkshire shares, cementing his legacy as an investment icon and philanthropic force. His latest move follows a colorful shareholder letter in which he reaffirmed his commitment to wealth redistribution.
Buffett, who is the sixth richest person in the world, has more than doubled his fortune since 2014. Yet he is behind Elon Musk‘s net worth of $330 billion by a significant margin. In contrast to Musk’s splashy ventures, Buffett’s wealth engine – Berkshire Hathaway – continues to rise steadily, cementing its position as a titan of diversified investing.
Investors are wondering: Can Berkshire maintain its momentum, or does the stock’s RSI warn of a possible pullback? Regardless, one thing remains clear: Buffett’s empire isn’t just breaking records, it’s making history.
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