Reported about 8 hours ago
Warren Buffett has reduced his stake in Bank of America Corp. to 9.99%, falling below the 10% threshold that mandates quick disclosure of stock trades. This shift allows Buffett to disclose his trading activities quarterly, potentially keeping other investors in the dark for longer periods. Following a series of sales that began in July, Buffett’s Berkshire Hathaway has gained around $10.5 billion from this investment. Despite this adjustment, Bank of America’s stock has struggled, prompting analysts to speculate whether this change could ease investor concerns.
Source: YAHOO