Bank of America: Buy, Sell, or Hold?
Portfolio Pulse from
Warren Buffett's Berkshire Hathaway sold 235 million shares of Bank of America in Q3, reducing its stake from over 10%. This significant sale required public disclosure to the SEC.
December 13, 2024 | 11:45 am
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Berkshire Hathaway sold 235 million shares of Bank of America, reducing its stake from over 10%. This large sale could impact BAC's stock price due to the significant reduction in holdings by a major investor.
The sale of 235 million shares by a major investor like Berkshire Hathaway is likely to put downward pressure on BAC's stock price in the short term. The reduction in Berkshire's stake from over 10% is significant and may lead to market speculation about the reasons behind the sale, potentially affecting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100