Warren Buffett Is Dumping Bank of America (BAC) Stock. What's Going On?
BACBank of America(BAC) Investor Place·2024-07-26 01:14

Warren Buffett and Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) have now sold Bank of America (NYSE:BAC) for six consecutive trading days. The conglomerate’s last Form 4 revealed that it had sold 18.89 million shares between July 22 and July 24. These shares were sold at average prices ranging between 42.38and42.38 and 42.56 worth a total of 802.5million.Duringthepastsixtradingdays,Berkshirehassoldatotalof52.8millionsharesofBACstockworth802.5 million.During the past six trading days, Berkshire has sold a total of 52.8 million shares of BAC stock worth 2.3 billion.Buffett’s sales contrast with his optimism a ...