Expert Says Warren Buffett's Top Executive Ajit Jain Sold Berkshire Hathaway Stake Because 'The Stock Was Fully Pricing The Business'
With a market cap exceeding $1 trillion, does Buffett think Berkshire Hathaway is also expensive?
Warren Buffett often says that share buybacks can benefit shareholders - but only if they are done at the right price. In recent months, Buffett has significantly reduced his holdings of various stocks and now he doesn't even want his own stocks anymore. "Buffett seems to believe that the best investments at the moment are cash and government bonds".
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Cash out nearly 1.99 billion yuan! Why did Warren Buffett's deputy sell over half of his Berkshire Hathaway Class A shares suddenly?
What signal?
What signal? Buffett, a 40-year "veteran", sharply reduced his shareholding of Berkshire Hathaway (BRK.A.US) by more than half.
Warren Buffett's deputy, Ajit Jain, who oversees the insurance business and serves as vice chairman of the company, has sold his holdings of over half of the shares in Berkshire Hathaway (BRK.A.US).
US stocks closed: Technology breaks through to lift the index, Nasdaq and S&P jointly achieve four consecutive gains.
① After four consecutive days of gains, the S&P 500 index is still 1.3% away from its historical high. ② Warren Buffett's deputy sold more than half of Berkshire Hathaway's positions, causing the stock price to fall for the seventh consecutive day. ③ AirPods Pro transforms into an OTC hearing aid, with FDA approval for Apple's hearing assistance software. ④ Gilead's HIV prevention drug delivers positive results once again.
Berkshire Hathaway Vice Chair Jain Sells Some of His Class A Shares for $139M
Bank of America CEO Says Market Is 'Absorbing' Berkshire's Stock Sales
Berkshire Hathaway sells Bank of America again, but the pace of selling slows down. Bank of America's CEO praises Warren Buffett as a great shareholder.
Warren Buffett's Berkshire Hathaway sold 5.8 million shares of Bank of America stocks from last Friday to this Tuesday, worth approximately 0.2287 billion US dollars. Currently, the holding position of Bank of America has dropped to the third largest for Berkshire, behind Apple and American Express. Analysts believe that Buffett may have reduced the percentage of BofA stocks to below 10% in order to avoid continuing reporting obligations.
Warren Buffett's Berkshire Hathaway Sheds More Bank of America Shares
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Buffett continues to sell Bank of America stocks, with a total cash out of nearly 7.2 billion US dollars.
Buffett's Berkshire Hathaway continues to reduce its shareholding of Bank of America stocks, continuing the selling spree that began in mid-July, but at a slower pace. According to a recent regulatory filing, Berkshire Hathaway sold $0.229 billion worth of Bank of America stocks in the three days ending Tuesday, with an average price of $39.30 per share, one of the lowest prices since he started reducing his holdings of Bank of America stocks. The scale of this latest round of selling has significantly slowed compared to the previous eight rounds, with Buffett's group selling an average of about $0.87 billion worth of Bank of America stocks in each three-day transaction, as usually seen in the trading documents. It has been nearly two months since Buffett
Cash is king? 'Stock God' Buffett once again reduces stake in Bank of America (BAC.US), while AI 'new aristocrats' also cash out at highs.
Buffett once again sold shares of Bank of America (BAC.US) stocks, continuing the selling frenzy that began in mid-July.
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Buffett's Bank of America Stock Sales Slow After Price Decline
Bank of America CEO's first response to Warren Buffett's shareholding reduction: I don't know what he's doing and I can't ask.
Bank of America CEO Brian Moynihan praised Warren Buffett's investment in the bank on Tuesday, but said he did not ask the legendary investor why he has continued to reduce his shareholding in Bank of America. Speaking at an investor conference in New York about Buffett, Moynihan said, "He has always been a great investor in our company, stabilizing our firm. I don't know what he's up to, because frankly, we can't ask." Buffett's Berkshire Hathaway company is the largest shareholder of Bank of America, and the company has been continuously reducing its stocks in Bank of America since July.
Warren Buffett's Sister Went 'All In' On Berkshire Hathaway – And Never Looked Back
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