Reported about 4 hours ago
Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10%, following a series of sales that generated approximately $10 billion. The latest sale of 9.5 million shares brings its total holdings to 9.99%, allowing it to avoid certain regulatory obligations. Berkshire has been selling its shares over the past three months, with the stock's value dropping over 9% during that period, while still being up 18% for the year.
Source: YAHOO