Warren Buffett Sells $338 Million in Bank of America Stock: Latest Financial Moves

Buffett Sells $338 Million in Bank of America Stock

Buffett Sells $338 Million in Bank of America Stock: Warren Buffett stock sale slowed down for the third round in a row. Some of the lowest prices have been attained since selling in mid-July.

This week, Buffett Berkshire Hathaway Inc. made $338 million stock sale as per the filing on Wednesday. The filing also showed his 13th round of sales.

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On Tuesday, he got the average price he received was $39.40 for the Bank of America stock which was less than the price he got on all but a few days before trading days.

Buffett still hasn’t cleared why he is cutting off Berkshire’s massive stake in the bank which the company is still the top shareholder. It still held 10.2% of the stock which is worth over $31 billion.

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