Buffett’s Berkshire Hathaway took advantage of the ongoing market turbulence to enter into eight new positions and add to many others during the first quarter of 2022, with most of its buying activity occurring in early March.several new stakes late on Monday, including 55 million shares of Citigroup and 69 million shares of media giant Paramount Global .
Berkshire Hathaway now owns a more than 10% stake in Paramount, which rebranded from ViacomCBS earlier in 2022, while alsoShares of all three companies jumped on Tuesday following the news that Buffett had taken a position: Paramount surged 14%, Citi 7% and Ally nearly 5%. Berkshire Hathaway also made sizable purchases in two energy companies—Chevron and Occidental Petroleum, legacy tech giant HP and video game company Activision Blizzard, though the moves had previously been disclosed.roughly 159 million shares in Chevron , 143 million shares of Occidental , 121 million shares of HP and 64 million shares of Activision .
That's how a smart investor works ... diversify his stakes. Not like some idiots that want to spend a similar amount on one thing and then backs out like an idiot that he is ... Eh ElonsProblems ?
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DEADLINE - 🏆 109. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »