BAC Aug 2024 40.000 put
| Previous close | 0.2900 |
| Open | 0.3000 |
| Bid | 0.1500 |
| Ask | 0.2700 |
| Strike | 40.00 |
| Expiry date | 2024-08-16 |
| Day's range | 0.2400 - 0.3100 |
| Contract range | N/A |
| Volume | |
| Open interest | 25.43k |
Barrons.comWarren Buffett Is in a Selling Mood. What’s Next?
Berkshire Hathaway disclosed that it sold some 34 million shares in longtime holding Bank of America, which has done quite well this year. If past Berkshire practices mean anything, that may not be the end.
Barrons.comBerkshire Is Quickly Cutting Its Stake in Bank of America. More Sales Could Be Coming.
The conglomerate has cut its holding in the banking giant by 5% over the past six trading sessions, unloading about 53 million shares worth $2.3 billion, leaving it with 980 million shares, or a 12.6% interest in Bank of America. Berkshire remains the largest investor in the bank by a wide margin. Berkshire’s sales accounted for a hefty 28% of the daily volume in the stock last Friday and about 19% on three sessions—this Tuesday and last Wednesday and Thursday, Barron’s calculates.
ZacksBrokers Suggest Investing in Bank of America (BAC): Read This Before Placing a Bet
According to the average brokerage recommendation (ABR), one should invest in Bank of America (BAC). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
