Buffett Steps Down, Berkshire Shares (BRK.B) Pull Back from Record High

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Berkshire Hathaway has released its quarterly report, which came in slightly below analysts’ expectations:
→ Earnings per share: actual = $4.46, forecast = $4.72
→ Revenue: actual = $90.8bn, forecast = $89.7bn

However, the bigger news was not the weaker results, but the decision of legendary 94-year-old Warren Buffett to step down as head of the company after nearly 60 years in charge. According to Reuters:
→ Vice Chairman Greg Abel will take over leadership;
→ Buffett will still influence decisions and has said he does “not intend to sell a single share of Berkshire”.

In pre-market trading today, BRK.B shares are priced around $526, compared to Friday’s close above $541, which marked a historic high. The decline suggests a natural negative reaction by market participants to the news.

Technical Analysis of BRK.B Stock Price

The Berkshire Hathaway stock price is moving within an upward channel, and:
→ In 2025, it has outperformed the broader equity index, showing a strong recovery following the early April market selloff;
→ Following the recent news, the price will likely retreat from the upper boundary of the channel toward the median line, which may act as support (as it did in late April, as shown by the arrow).

The recent price action appears to be a false bullish breakout above the $535 resistance — a bearish signal.

It’s possible that the initial emotional market reaction may fade, and BRK.B shares could continue to outperform the S&P 500 (tracked via the US SPX 500 mini on FXOpen). Whether this scenario plays out will depend on the leadership and decisions of Greg Abel, especially as the company now holds a record cash reserve of nearly $350 billion.

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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