Berkshire Hathaway Class A Shares Close Above $500,000

No Stock Splits for Company's A Shares

Omaha, Nebraska - Class A shares of Warren Buffett's Berkshire Hathaway closed above $500,000 per share on Wednesday, May 31, 2024. This marks a significant milestone for the company, which has never allowed a stock split of its A shares. The closing price of $500,579.14 represented a gain of 41,440% since the company's initial public offering in 1996.

Buffett's Longstanding Position

Berkshire Hathaway Chairman and CEO Warren Buffett has been a vocal opponent of stock splits throughout his career. He believes that splits do not add any real value to a company and can artificially inflate the stock price. Buffett has argued that investors should instead focus on the intrinsic value of a company and its long-term growth prospects.

The company's A shares have become increasingly inaccessible to individual investors due to their high price. Berkshire Hathaway also offers Class B shares, which are priced at around $340 at the time of writing. However, the Class B shares have limited voting rights compared to the Class A shares.