Read more
XTB Online Trading

Buffett’s Berkshire sells more Bank of America shares 📉

5:45 PM 20 August 2024

Bank of America Corp. (BAC.US) slumped more than 2.05% today after Warren Buffett’s Berkshire Hathaway Inc.(BRKB.US) sold between Aug 15 and Aug 19 more than $550 million worth of shares, further shrinking its stake in the bank. The bank's shares have risen nearly 16% since the beginning of the year. Thus, the Buffett-managed conglomerate is increasing its stock of available cash. 

During the quarter, Berkshire reduced its stake in Bank of America by a total of 104.39 million shares. Source: Bloomberg Financial LP

Following this news, the company's shares broke out below the short-term consolidation zone.  Source: xStation 

Share:
Back

Market News

09.06.2025
18:51

Daily summary: Bitcoin gains 2.40%, trading above $108,000 💰

U.S. stock indices are having a calm session today. The S&P 500 is up about 0.3%, the Dow Jones is hovering near Friday’s closing price,...

 18:49

Apple drops almost 2% after WWDC 2025 conference begins 📉

With the start of the Worldwide Developer Conference 2025 (Apple's annual event), we are seeing a markdown in the shares of the iPhone manufacturer....

 17:35

Market disappointed by lack of changes to the US index composition📉

Robinhood (HOOD.US) and AppLovin (APP.US) shares are down by approximately 5% today, partially erasing recent gains. Just a few trading sessions before...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits