Dillard’s (DDS.US) – stock climbed as much as 19% in pre-market trading on Monday after Berkshire Hathaway (BRKB.US) portfolio manager Ted Weschler revealed an almost 6% stake in the department store chain, according to an SEC filing. Weschler, who helps Buffett manage Berkshire Hathaway's investment portfolio, along with Todd Combs, revealed that his 1.08 million Dillard's shares were worth about $45 million, based on the retailer's closing stock price on Friday. The shares are not a Berkshire investment – they are held in a trust for the benefit of Weschler’s family members.
Dillard’s (DDS.US) stock launched today’s session with a bullish price gap. Buyers managed to break above the strong resistance at $50.50. Should upbeat moods prevail, resistance at $59.94 may come into play. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
