Warren Buffet's Berkshire Takes Stake in Insurance Giant

The company slashed its stake in WFC and CVX

Deputy Editor
May 18, 2021 at 10:46 AM
facebook X logo linkedin

The shares of Berkshire Hathaway Inc (NYSE:BRK) are struggling for direction, trading sideways at $289.10 at last check, amid news that the company took a $943 million stake in insurance company Aon (AON). Furthermore, the Warren Buffett conglomerate slashed its holdings of Wells Fargo (WFC) and Chevron (CVX). 

BRK has been barreling up the charts since the start of the year, when it overcame familiar pressure at the $230 region. With close support from its 40-day moving average since early February, BRK is up 24.7% year-to-date, and recently hit a May 10 record high of $295.08, before pulling back slightly. 

Analysts are split on Berkshire Hathaway stock, with two carrying a "buy" or better rating, while two say "hold." Meanwhile, the 12-month consensus price target of $292 is a chip-shot away from current levels. 

So far today, albeit low absolute volume, puts are winning out in the options pits, with 1,324 across the tape so far, in comparison to 775 calls. Most popular are the June 285 put and the December 275 put. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI