{"id":133706,"date":"2024-07-23T11:30:49","date_gmt":"2024-07-23T08:30:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133706"},"modified":"2024-07-23T11:32:01","modified_gmt":"2024-07-23T08:32:01","slug":"warren-buffett-is-offloading-billions-of-this-stock","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/warren-buffett-is-offloading-billions-of-this-stock\/","title":{"rendered":"Warren Buffett is Offloading Billions of This Stock"},"content":{"rendered":"<p>In the period from Wednesday to Friday, Berkshire <strong><a href=\"https:\/\/www.newsweek.com\/warren-buffett-sells-1-5bn-worth-stock-1928333\" target=\"_blank\" rel=\"nofollow\">sold<\/a><\/strong> nearly 34 million shares, and now owns approximately 999 million shares. This sale comes at a time when Bank of America shares have surged 7 percent in the past month, reaching a 52-week high of more than $44 following its second-quarter earnings report.<\/p>\n<p>Bank of America shares fell 1.2 percent to $42.40 in premarket trading Monday. The sale brings Berkshire\u2019s stake in the bank to about 12.8%.<\/p>\n<p>The reduction in the company\u2019s stake in Bank of America is notable, as Buffett had not previously changed that stake while selling stakes in other banking institutions.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/top-trader-shares-his-bearish-prediction-for-bitcoin\/\" title=\"Top Trader Shares His Bearish Prediction for Bitcoin\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-5261112_1280-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Top Trader Shares His Bearish Prediction for Bitcoin<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Berkshire is reducing or eliminating its stakes in several banks, including Wells Fargo, JPMorgan Chase, Goldman Sachs, U.S. Bancorp and Bank of New York Mellon. The decision to sell some of the VoA shares is seen as Buffett taking advantage of the stock\u2019s recent run-up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berkshire Hathaway, led by CEO Warren Buffett, recently sold about $1.5 billion of Bank of America (BAC) stock, reducing its stake to $42.9 billion, according to a filing late Friday.<\/p>\n","protected":false},"author":7,"featured_media":35420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-133706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warren Buffett is Offloading Billions of This Stock<\/title>\n<meta name=\"description\" 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