" Berkshire shares are down about 8% since the annual meeting on May 3, when CEO Warren Buffett surprised investors with news that he will step aside as CEO at year-end, while remaining chairman. The so-called Buffett premium has been leaking out of the stock since then.

The A shares peaked at $809,350 on May 2, the day before the annual meeting.

Berkshire’s stock performance has been near the bottom of the S&P 500 index over the past month, while the shares outperformed the index by a wide margin in the first four months of the year.

UBS analyst Brian Meredith cut his 2025 earnings estimate by 6% to $19.92 per Class B share, mainly because he sees lower investment income. He anticipates lower dividend income, likely reflecting a smaller equity portfolio given the bank’s sales of Apple and Bank of America stock. At the same time, yields on cash are likely to fall because the Federal Reserve is expected to cut short-term rates later this year."

msn.com - Berkshire stock continues slide as analyst cuts estimate buffett premium fades