Reported about 1 month ago
Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to 11.4%, allowing for less immediate disclosure of stock sales as the company moves below the 10% threshold, according to U.S. regulations. The recent sale of approximately 21 million shares for $848 million caps off a selling spree that has garnered Berkshire $6.2 billion since mid-July, raising questions about the future of BofA's stock performance.
Source: YAHOO