News Formal

Warren Buffett's Berkshire Hathaway scoops up Occidental and other stocks during sell-off

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

News Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Berkshire Hathaway bought over $560 million worth of stocks over the last three sessions.

purchased additional 8.9 million shares in the Houston-based energy producer for $405 million through transactions Tuesday, Wednesday and Thursday, pushing its stake above 28%, according to a regulatory filing late Thursday night.for roughly $45 million. These two stakes are much smaller in size, so these transactions could be made by Buffett's investing lieutenants Todd Combs and Ted Weschler.>Sign up for NBC DFW's News Headlines newsletter.

Occidental shares have dropped more than 10% this month, bringing its 2024 losses to 24%. The energy company, once known for being founded by legendary oilman Armand Hammer, is Berkshire's sixth-biggest equity holding. Buffett has ruled out a full takeover.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 288. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Junk food lover Warren Buffett's new pizza investment fits perfectly in Berkshire's portfolioWarren Buffett, a renowned junk food lover, just bought into a pizza chain whose shares are trading near their cheapest level of the year.
Bron: CNBC - 🏆 12. / 72 Lees verder »