Warren Buffett's Berkshire Hathaway Further Reduces Position In This Tesla Rival, An Investment Charlie Munger First Recommended
Portfolio Pulse from Shanthi Rexaline
Berkshire Hathaway, led by Warren Buffett, has reduced its stake in Chinese electric vehicle maker BYD by selling 1.3 million Hong Kong-listed shares for HK$ 310.5 million ($39.8 million). This sale reduces Berkshire's stake in BYD to 6.90%. The reduction is part of a series of divestments over the years.

June 17, 2024 | 12:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Berkshire Hathaway's sale of 1.3 million shares of BYD for $39.8 million reduces its stake to 6.90%. This could impact the stock price of BYD's U.S.-listed ADRs.
The reduction in Berkshire Hathaway's stake in BYD could lead to a short-term negative impact on the stock price of BYD's U.S.-listed ADRs (BYDDF) as investors may perceive this as a signal to reassess their positions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Berkshire Hathaway's sale of 1.3 million shares of BYD for $39.8 million reduces its stake to 6.90%. This could impact the stock price of BYD's U.S.-listed ADRs.
The reduction in Berkshire Hathaway's stake in BYD could lead to a short-term negative impact on the stock price of BYD's U.S.-listed ADRs (BYDDY) as investors may perceive this as a signal to reassess their positions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Berkshire Hathaway has reduced its stake in BYD, selling 1.3 million shares for $39.8 million. This move is part of a series of divestments, reducing its stake to 6.90%.
The sale of BYD shares by Berkshire Hathaway is part of a long-term strategy of reducing its stake. This move is not necessarily indicative of a lack of confidence in BYD but rather a strategic financial decision.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80