Berkshire Hathaway accelerated its share repurchases and reduced its cash balance, while SpaceX surged after releasing its earnings and passing the lockup expiration. Buying has intensified since the lockup expiration passed.
Morning market reports said Berkshire Hathaway conducted large-scale share repurchases in the second quarter, reducing its cash balance. Earnings reportedly exceeded profit forecasts, while additional investment in Alphabet and share repurchases were carried out in parallel.
Meanwhile, SpaceX extended its sharp advance after getting through its earnings release and lockup expiration without incident. Analysts were also reported to have raised their investment ratings, and the stock has entered a renewed buying phase. Reports also mentioned the possibility of share-price volatility resulting from the lockup expiration.