Chicago – The most expensive stock in the United States passed a unique plateau Thursday, as the price for a Class A share of Warren Buffett’s Berkshire Hathaway Inc. briefly surpassed $100,000.
The shares closed up $1,296, or 1.3 percent, at $98,995 on volume of 830 shares, more than twice the average daily volume.
During the session, shares reached $100,100 – an all-time high.
Berkshire Hathaway shares are not only expensive, they are rare compared with those of other large, publicly traded companies. At the end of June, there were 1.13 million shares of the more expensive Class A variety and 12.41 million Class B shares in existence.
The Class B shares, which are worth about 1/30 of Class A shares, were first issued in part to give less wealthy investors a chance to benefit from the company’s consistently strong results. But those shares have since joined the rarified ranks of highly expensive stocks, closing at $3,280 Thursday, up $30, or 0.9 percent.
