Warren Buffett revealed stakes in Kroger and Biogen, and the news added $2.5 billion to their market values

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The famed investor's backing sent Kroger stock up 6% and Biogen stock up 2% in after-hours trading on Friday.

on Friday, spurring investors to add $2.5 billion to the pair’s combined market capitalization in after-hours trading.

News of Buffett’s backing drove Kroger’s stock up about 6% in after-hours trading on Friday, boosting its market cap by over $1.3 billion to nearly $24 billion. It also drove Biogen stock up 2%, lifting its market cap by more than $1.2 billion to north of $59 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's finance ministry issues $1.2 billion in funds for epidemic control effortsChina's finance ministry on Saturday issued 8 billion yuan ($1.15 billion) ... Their already weak economy might crumble? Wouldn't it be ironic for Communism to be taken down....from a bug? So, a little under $1USD per Chinese citizen in spend? Grab a Snickers.
Source: Reuters - 🏆 2. / 97 Read more »