From Yahoo Finance: 2025-05-05 20:04:00

Warren Buffett’s retirement announcement caused Berkshire Hathaway stock to drop 7%. Greg Abel will succeed him as CEO. Shares hit a low of $502.80 Monday. Analysts speculate this drop could be due to missed earnings estimates and uncertain trade policies. Investors may be selling due to Buffett’s retirement, despite strong stock performance. Buffett will remain Chairman of the Board, while Abel takes over as CEO. Analysts believe Berkshire Hathaway is in good hands long-term, despite initial concerns.

Read more: Berkshire Hathaway stock is dropping as traders react to Warren Buffett’s plan to step down