Reported 2 months ago
Warren Buffett has sold Bank of America shares for the 12th consecutive day, reducing his company's stake by 8.8%, or $3.8 billion, since mid-July. His conglomerate, Berkshire Hathaway, earned $779 million from these sales between July 30 and August 1. Despite the profitable investment that began in 2011, Buffett has remained silent about his reasons for selling, even as BofA's stock has dropped over 10% following a strong performance earlier this year.
Source: YAHOO