Berkshire Continues Selling Bank of America for 12 Straight Trading Sessions
Berkshire has sold another $778 million of Bank of America (BAC) at a price as low as $39.47 on July 30, 31, and August 1. It has now sold $3.8 billion of BAC, or 9% of its stake, over 12 consecutive trading sessions. Warren Buffett is continuing to sell even though BAC has declined in price by 10% since he began to sell.
