Berkshire Hathaway Reports Open Market Sale of Bank of America Shares - To The Moon

Berkshire Hathaway Reports Open Market Sale of Bank of America Shares

Berkshire Hathaway, led by Warren Buffett, has reported multiple open market sales of Bank of America shares. On October 8th, they sold 3.9 million shares at $39.99 per share, and on October 10th, they sold 1.6 million shares at $39.9 per share. Additionally, on October 9th, they sold 4.0 million shares at $40.14 per share. These sales were disclosed in SEC filings. Berkshire Hathaway's actions in selling Bank of America shares indicate a significant change in their investment strategy.

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- Tiger VTiger V
  ·10-11
  Buffett’s Strategic Move: Opportunity in Bank of America
  Overview of the Market Warren Buffett’s Berkshire Hathaway $Berkshire Hathaway(BRK.B)$ has recently reduced its stake in Bank of America (BAC)$Bank of America(BAC)$ to below 10%, signaling a significant shift. This reduction has allowed Berkshire to avoid rapid disclosure of its future trades, giving Buffett the flexibility to make slower disclosures. The sale, which began in mid-July, has netted Berkshire Hathaway around $10.5 billion. Analysts speculate that this move may alleviate concerns among investors and possibly give the stock renewed momentum after underperforming during the sell-off period. With the U.S. Federal Reserve
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  Buffett’s Strategic Move: Opportunity in Bank of America
- Tiger VTiger V
  ·10-11
  Buffett’s Strategic Move: Opportunity in Bank of America
  Overview of the Market Warren Buffett’s Berkshire Hathaway $Berkshire Hathaway(BRK.B)$ has recently reduced its stake in Bank of America (BAC)$Bank of America(BAC)$ to below 10%, signaling a significant shift. This reduction has allowed Berkshire to avoid rapid disclosure of its future trades, giving Buffett the flexibility to make slower disclosures. The sale, which began in mid-July, has netted Berkshire Hathaway around $10.5 billion. Analysts speculate that this move may alleviate concerns among investors and possibly give the stock renewed momentum after underperforming during the sell-off period. With the U.S. Federal Reserve
  388 1
  27
  Share
  Report
  Buffett’s Strategic Move: Opportunity in Bank of America

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