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Warren Buffett, Chairman of Berkshire Hathaway (Photo: Yonhap News) |
[Alpha Biz= Reporter Kim Sangjin] Warren Buffett continues to sell shares of Bank of America (BoA), although the scale of his divestments is slowing down. According to a filing on Wednesday revealing his 13th sale, Berkshire Hathaway sold shares this week, generating approximately $338 million in revenue.
This amount marks a decrease compared to recent months, where Buffett typically sold around $750 million worth of shares in a single transaction (generally over three days). The average sale price on Tuesday and Wednesday was $39.40, lower than most of his previous trading days.
Buffett has not disclosed the reasons for the substantial divestment of shares in this bank, of which Berkshire is still the largest shareholder. Berkshire's remaining stake in Bank of America represents 10.2% of the bank, valued at about $31 billion.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
