BRK.B Trading at a Discount to 52-Week High: More Upside Left?

Shares of Berkshire Hathaway Inc. BRK.B closed at $505.48 on Friday, a nearly 6% discount to its 52-week high of $537.74. BRK.B stock has gained 1.2% year to date compared with the industry's 0.9% growth, the Finance sector's 6.3% decrease and the Zacks S&P 500 composite's gain of 17.1% in the same time frame. Berkshire Hathaway is a conglomerate with more than 90 subsidiaries engaged in diverse business activities. This provides it with stability in various economic cycles. BRK.B vs Industry, Sector, S&P 500 YTDZacks Investment Research Image Source: Zacks Investment Research BRK.B's peer, Chubb Limited CB, has gained 5.9% year to date, while another peer, The Progressive Corporation PGR, has lost 8.6% in the same time frame. BRK.