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Warren Buffett dumps $3B worth Bank of America shares to cash in on soaring stock price
BACBank of America(BAC) New York Post· New York Post·2024-07-30 14:25

Billionaire investor Warren Buffett has dumped more than 3billionworthofsharesinBankofAmericaoverthepastweeks, takingprofitsafterabigrun−upinthesecond−largestUSlender’sstockprice.The93−year−oldBuffett,dubbed‘theSageofOhama’,disposedof18.4millionofthebank’ssharesfor3 billion worth of shares in Bank of America over the past weeks, taking profits after a big run-up in the second-largest US lender’s stock price.The 93-year-old Buffett, dubbed ‘the Sage of Ohama’, disposed of 18.4 million of the bank’s shares for 767 million between July 25 and 29, according to a Monday night regulatory filing.In all, his investment conglomerate, Berkshire Hathaway, has sold 71.2 million Bank of America shares for $3.05 billion si ...