Buffett Keeps Trimming His Stake in BAC Stock: Should You Follow?

Warren Buffett has again unloaded Bank of America (BAC) stock. Since mid-July, the Oracle of Omaha has sold nearly 150 million BAC shares.Between Aug. 23 and Aug. 30, Berkshire Hathaway (BRK.B) sold almost 46 million BAC shares. Berkshire now owns 11.4% of one of the biggest American lenders. Despite this sell-off, BAC's stake remains Berkshire’s third biggest investment, behind Apple (AAPL) and American Express (AXP) . Many investors follow Buffett and try to match his investing style. He has been a long-t ...