Both Class A and Class B shares ended the session at levels not seen since before the succession news, finishing at $798,000 and $532.02 respectively. Each sits about 1.4% below its all-time closing high.
The recovery marks a turnaround from the months following Buffett's surprise announcement, when shares lost more than 14% of their value as investors worried a so-called "Buffett premium" was dissolving. The stock hit a post-meeting low in August 2025.
A loss on Thursday broke a 10-session winning streak that had added 5% to Berkshire's stock prices, but the shares rebounded with gains of more than 1% on Friday.
Analysts attribute the recent strength to several factors. Keefe, Bruyette & Woods analyst Meyer Shields noted that higher short-term interest rates are helping lift the shares. Berkshire still holds roughly $360 billion in cash, which Shields described as "a good symbol of continued patience under the new CEO," adding that higher rates mean the company earns more on that money.
Investors may also be encouraged by CEO Greg Abel's active deployment of Berkshire's cash pile. The company spent $4.5 billion on share buybacks in the second quarter and has made new investments in Alphabet, Taylor Morrison Home, Lennar, and European app developer Bending Spoons. Additionally, Berkshire's insurance operations have benefited from a quiet Atlantic hurricane season.