Berkshire Hathaway Rises On Unusually High Volume (BRK.B)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Berkshire Hathaway (NYSE: BRK.B) is trading at unusually high volume Wednesday with 8.7 million shares changing hands. It is currently at two times its average daily volume and trading up $2.29 (+2.6%) at $89.56 as of 2:40 p.m. ET.

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Berkshire Hathaway has a market cap of $95.79 billion and is part of the financial sector and insurance industry. Shares are up 14.2% year to date as of the close of trading on Tuesday.

Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Berkshire Hathaway Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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