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Warren Buffett’s BofA Stock-Selling Spree Surpasses $10 Billion
Warren Buffett’s conglomerate has added another zero to its haul from a months-long selling spree of Bank of America Corp. stock. In its 14th round of disposals, Berkshire Hathaway Inc. eclipsed $10 billion of total proceeds from whittling its stake in the second-largest US bank, a regulatory filing on Monday shows. Buffett, 94, began paring the massive investment in mid-July, putting pressure on the stock’s price ever since. In the latest batch, Berkshire reaped $383 million over three trading days, as it unloaded fewer shares than in many previous rounds. Buffett’s selling has tended to trickle off when the ... (full story)