澳洲幸运5官方开奖结果体彩网

Warren Buffett's Berkshire Hathaway Further Trims Bank of America Stake

An attendee holds a cardboard cutout of Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., inside the CHI Health Center during the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, US, on Saturday, May 4, 2024.
An attendee holds a cardboard cutout 𓆉of Warren Buffett, chair and CEO of Berkshire Hathaway, during the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, on May 4, 2024.

Dan Brouillette/Bloomberg via Getty Images

Key Takeaways

  • Warren Buffett's Berkshire Hathaway sold more Bank of America stock to end August and start September, trimming its stake in nine straight trading sessions.
  • The latest selling spree comes after the firm sold millions of shares in July after Bank of America stock hit a two-year high following an earnings beat.
  • Berkshire still owns just over 11% of Bank of America's outstanding shares, a stake currently worth about $34.7 billion.

Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) further 澳洲幸运5官方开奖结果体彩网:trimmed its stake in Bank of America (BAC), selling just over 18.7 million shares over the course of this week, according to a filing by the U.S. Securities and Exchange Commission (SEC).

Berkshire has made cuts to its stake in Bank of America in recent months after the bank's stock hit a two-year high following an 澳洲幸运5官方开奖结果体彩网:earnings beat. The bank's stock price has retreated from its ꦑJuly 16 closing price of $44.13, but is still close to 18% abov🍌e where it started the year.

Berkshire🌺 Sold BofA Stock in 9 Straight Trading Sessi꧟ons

Berkshire sold Bank of America stock in each of the last nine trading sessions, dating back to Aug. 26, bringing its stake down to about 864 million shares at Thursday's close, from just under 950 million shares at the start of the month.

The latest sales put Berkshire's stake at just over 11% of Bank of America's 7.77 billion outstanding shares, currently worth about $34.7 billion.

Bank of America and Berkshire's Class B shares were little changed in💞 early trading Friday following the news.

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