Berkshire Shares Hit Post-Buffett High Under Abel
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- Berkshire Hathaway shares rose to their highest level since Greg Abel replaced Warren Buffett as CEO, a move Reuters attributes to stock buybacks and strong earnings.
- Greg Abel bought $4.5 billion worth of a stock that Buffett has long favored — with the Yahoo Finance headline explicitly clarifying the purchase was not Alphabet — in his early tenure as Berkshire's new chief.
Why it matters: Abel's $4.5 billion personal purchase of a Buffett-favorite stock reinforces that the post-Buffett Berkshire is continuing the same capital-allocation playbook, and the share-price high marks the first market verdict on that continuity since the leadership change.
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