Could Berkshire Hathaway Inc. Decline After Today’s Tip From Option Traders?

 Could Berkshire Hathaway Inc. Decline After Today's Tip From Option Traders?

In today’s session Berkshire Hathaway Inc. (BRKB) registered an unusually high (554) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious BRKB increase. With 554 contracts traded and 9134 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: BRKB161021C00145000 closed last at: $0.55 or 54.9% down. About 1.64 million shares traded hands. Berkshire Hathaway Inc. (NYSE:BRK.B) has risen 3.19% since March 14, 2016 and is uptrending. It has underperformed by 2.42% the S&P500.

Berkshire Hathaway Inc. is a holding firm owning subsidiaries engaged in various business activities. The company has a market cap of $356.96 billion. The Firm conducts insurance businesses on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. It has a 0.01 P/E ratio. The Company’s divisions include GEICO, General Re Corporation , Berkshire Hathaway Reinsurance Group (BHRG), Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, Manufacturing, McLane Company, Service and retailing, and Finance and financial products.

BRK.B Company Profile

Berkshire Hathaway Inc., incorporated on June 16, 1998, is a holding firm owning subsidiaries engaged in various business activities. The Firm conducts insurance businesses on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. The Company’s divisions include GEICO, General Re Corporation (General Re), Berkshire Hathaway Reinsurance Group (BHRG), Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, Manufacturing, McLane Company, Service and retailing, and Finance and financial products. The Company’s insurance and reinsurance business activities are conducted through various domestic and foreign insurance entities. The Company’s insurance businesses provide insurance and reinsurance of property and casualty risks and also reinsure life, accident and health risks across the world.

More important recent Berkshire Hathaway Inc. (NYSE:BRK.B) news were published by: Fool.com which released: “Berkshire Hathaway Inc.’s Biggest Win in 2016 So Far” on September 28, 2016, also Investorplace.com published article titled: “Berkshire Hathaway Inc. (BRK.B) Needs to Return to the Acquisition Buffet”, Wsj.com published: “JP Morgan Chase Names Berkshire Hathaway Investment Manager to Board” on September 20, 2016. More interesting news about Berkshire Hathaway Inc. (NYSE:BRK.B) was released by: Seekingalpha.com and their article: “The $100 Billion Conglomerate Discount In Berkshire” with publication date: October 13, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment