Reported Monday August 19, 2024, Bank of America Form4 Filing Shows Warren Buffett Sold 13,968,943 Shares Of Stock At An Average Price Of $39.42/Share
Portfolio Pulse from Benzinga Newsdesk
Warren Buffett has sold 13,968,943 shares of Bank of America stock at an average price of $39.42 per share, as reported in a Form 4 SEC filing.
August 20, 2024 | 3:29 pm
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Warren Buffett's sale of nearly 14 million shares of Bank of America could indicate a lack of confidence in the stock's short-term performance, potentially leading to a decrease in its price.
Warren Buffett is a significant investor, and his actions are closely watched by the market. Selling a large number of shares could be interpreted as a lack of confidence in Bank of America's short-term prospects, potentially leading to a negative impact on the stock price.
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IMPORTANCE 90
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