Posted: Thursday, August 14th 2014 at 2:11pm
Berkshire Hathaway stock tops $200,000 a share
By The Associated Press
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.
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.