On July 25th, Guronghui reported that Berkshire Hathaway, under the control of Buffett, sold more Bank of America (BAC.US) stocks this week, and continuously reduced its holdings of BAC shares for six consecutive trading days. A new regulatory document shows that Berkshire Hathaway reduced its holdings of an additional 18.9 million shares of stock at an average price of $42.46 on Monday, Tuesday and Wednesday, cashing out $0.8025 billion. In the past six trading days, Berkshire Hathaway has reduced its holdings of 52.8 million Bank of America stocks, worth $2.3 billion, and its stake has fallen to 12.5%. Berkshire Hathaway still holds 0.9801 billion shares of Bank of America stocks, with a market value of $41.3 billion, which is far behind its holdings of Apple stocks worth $172.5 billion. Bank of America has outperformed the market this year, and Buffett may reduce his bet due to valuation concerns. Bank of America rose more than 25% in 2024, while the S&P 500 index rose nearly 14%.
巴菲特连续6日抛售美银 减持总值达23亿美元
Buffett has been selling Bank of America stocks for 6 consecutive days, with a total value of 2.3 billion US dollars. Under Berkshire Hathaway, Buffett's company, more Bank of America(BAC.N) stocks were sold this week, and Bank of America's shares were so
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.