Friday Market Rebounds Some of Weeks Loss | Wall Street Today
Buffett's major stock purchases at the end of the year: Shareholding in Occidental Petroleum and several other companies.
Buffett took advantage of the three consecutive declines in U.S. stocks this week to increase his shareholding in several companies. According to regulatory documents, Berkshire Hathaway Inc. purchased an additional 8.9 million shares of Occidental Petroleum (worth $0.405 billion), 5 million shares of Sirius XM (worth $0.113 billion), and $45 million worth of VeriSign stocks between Tuesday and Thursday. Overall, Berkshire invested over $0.56 billion in three days.
Warren Buffett has been "shopping madly" for three consecutive days, and Occidental Petroleum briefly surged over 5%.
① Berkshire Hathaway purchased stocks from Occidental Petroleum, Sirius XM, and VeriSign within three days; ② Buffett's investment deputies Todd Combs and Ted Weschler may have conducted trades involving Sirius XM and VeriSign.
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