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 filingBloomberg Terminal on Monday shows. Buffett, 94, began paring the massive investment in mid-July, putting pressure on the stock’s price ever since.