Buffett's Decision to Step Down Haunts Berkshire Hathaway Shares, -3% in a Week

Berkshire Hathaway CEO Warren Buffett announced his resignation as CEO at the end of this year during the annual meeting in front of 40,000 shareholders on Sunday, (04/05) early morning.

The announcement continues to haunt the company's stock movement, dropping by 3% in a week, according to TradingView, Wednesday (07/05).

This decline marks the important role of Warren Buffett as the top leader of the company since 1970, triggering uncertainty and caution among investors regarding this leadership change.

Nevertheless, Berkshire's market capitalization remains strong at around US$1 trillion, in line with ongoing interest despite the doubts.

Currently, the company's stock price stands at US$512, down 3.7% from US$341 before the announcement was made.