Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale
Bank of America(BAC) CNBC·2024-07-25 12:53
Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett's conglomerate has reduced its stake in the bank.The Omaha, Nebraska-based holding company sold another 18.9 million shares via transactions on Monday, Tuesday and Wednesday at an average price of $42.46, raising $802.5 million, a new regulatory filing showed.Over the last six trading sessions, Berkshire has unloaded 52.8 million Bank of America shares worth $2.3 billion, reducing the sta ...