Warren Buffett's Berkshire Hathaway Further Pares Bank Of America Stake, Offloads Shares Worth $3.8B In 2 Weeks
Benzinga
2024-08-02
Views 110.3K
Warren Buffett‘s Berkshire Hathaway has continued to sell off its holdings in Bank of America, with the total sales now exceeding $3.8 billion over the past two weeks.
What Happened: Berkshire Hathaway, led by the legendary investor Buffett, has offloaded more than $3.8 billion worth of Bank of America shares since mid-July, reported Reuters, citing a regulatory filing on Thursday. The company sold approximately 19.2 million shares for about $779 million between Jul. 30 and Aug. 1.
What Happened: Berkshire Hathaway, led by the legendary investor Buffett, has offloaded more than $3.8 billion worth of Bank of America shares since mid-July, reported Reuters, citing a regulatory filing on Thursday. The company sold approximately 19.2 million shares for about $779 million between Jul. 30 and Aug. 1.
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