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Berkshire Hathaway Sheds $229 Million of Bank of America Stock
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Berkshire Hathaway Sheds $229 Million of Bank of America Stock
Sep 11, 2024 4:55 AM

07:25 AM EDT, 09/11/2024 (MT Newswires) -- Berkshire Hathaway (BRK.A) generated $229 million over three days of selling Bank of America ( BAC ) shares this month, a regulatory filing late Tuesday showed.

The average price of shares sold on Tuesday was $39.30, which is among the lowest reported since the company started shrinking its stake in mid-July, Bloomberg News reported late Tuesday.

Warren Buffett's conglomerate still holds more than 11% of the bank's stock, worth about $33.7 billion, the report said.

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