Shares of Berkshire's Class B stock gained 0.9% before the bell following news of record buybacks at Warren Buffett's conglomerate.
Berkshire Hathaway stock rose after the conglomerate announced that it purchased a record amount of its own equity in the second quarter.
The second-quarter buybacks were nearly double the $2.2 billion the conglomerate spent to buy back equity in the final quarter of 2019 and exceeds the entire value of stock Buffett repurchased in all of 2019.
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