On October 3rd, according to Jinshi data, Warren Buffett’s reduction of Bank of America (BAC.N) shares continued to slow down, and the selling price hit the lowest level since he started reducing holdings in mid-July. According to Wednesday’s declaration, Berkshire Hathaway, owned by Buffett, sold $338 million worth of Bank of America stocks, with an average reduction price of $39.4 per share on Tuesday and Wednesday. This is the 13th round of reduction for the company, with an average reduction scale of about $750 million in the past few months (usually lasting for three days). The 94-year-old Buffett did not explain why he reduced his holdings of Bank of America shares. Berkshire Hathaway is still the largest shareholder of Bank of America, holding 10.2% of the shares, worth more than $31 billion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
