Reported 10 days ago
Warren Buffett has reduced his stake in Bank of America to around 10.3% following a series of sell-offs, edging close to a critical regulatory threshold that would eliminate the need for immediate public trading notifications. His recent sales totaled $461 million over three days, contributing to a total of $9.4 billion in sales since mid-July. If his stake drops below 10%, future updates on his trading would only be required quarterly.
Source: YAHOO