Berkshire Hathaway Inc Cuts Share Stake In Celanese Corp By 39.2% To 5.4M Shares, Cuts Share Stake In Globe Life Inc By 60.4% To 2.5M Shares
Portfolio Pulse from Benzinga Newsdesk
Berkshire Hathaway Inc has reduced its share stake in Celanese Corp by 39.2% to 5.4 million shares and in Globe Life Inc by 60.4% to 2.5 million shares.
August 14, 2023 | 8:15 pm
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NEGATIVE IMPACT
Berkshire Hathaway has reduced its stake in Celanese Corp by 39.2% to 5.4 million shares.
The reduction in stake by a major investor like Berkshire Hathaway could be perceived negatively by the market, potentially leading to a decrease in the stock price of Celanese Corp in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Berkshire Hathaway has reduced its stake in Globe Life Inc by 60.4% to 2.5 million shares.
The significant reduction in stake by Berkshire Hathaway could be seen as a lack of confidence in Globe Life Inc, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100