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Caleb Naysmith

Berkshire Hathaway Drops 5% After Warren Buffett's Retirement: Is The Stock a Buy with Greg Abel as CEO?

Warren Buffett Greg Abel Berkshire Berkshire Hathaway Apple Berkshire Hathaway Energy

The investing world woke up to the end of an era on Saturday, May 3, when Warren Buffett, the legendary CEO of Berkshire Hathaway, announced he will officially step down at the end of 2025 after more than six decades leading the $1.1 trillion conglomerate. The news, while not entirely unexpected, sent shockwaves through financial markets — and Berkshire’s stock.

Shares of Berkshire Hathaway (BRK.B) (BRK.A) dropped nearly 5% in early Monday trading as investors reacted to the transition. The selloff reflects a mix of uncertainty, profit-taking, and emotional reaction from shareholders who’ve long viewed Buffett as the irreplaceable heart of the company. But with Greg Abel — Buffett’s longtime deputy — officially taking the reins, the key question now is: Is Berkshire Hathaway still a buy?

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