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Posted: Thursday, August 14th 2014 at 2:11pm

Berkshire Hathaway stock tops $200,000 a share

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
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OMAHA, Neb. (AP) -- The stock price of Warren Buffett's Berkshire Hathaway topped $200,000 for the first time Thursday.

Class A shares of Berkshire jumped past the milestone to an all-time trading high of $201,740 Thursday morning.

The shares have long been the most-expensive U.S. stock. Buffett has never split Berkshire's A shares, although he did create more affordable Class B shares in 1996 that now sell for just over $134.

Berkshire's Class A shares first garnered a six-figure stock price in October 2006 when they moved above $100,000.

Earlier this month, the Omaha-based company reported second-quarter profits of $6.4 billion, or $3,889 per Class A share.

Berkshire Hathaway has come a long way since Buffett's investment partnership started buying shares for $7 and $8 apiece in 1962. At that point, Berkshire was a New England textile company.
Associated Categories: National News, Business News, Local/State News

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