Buffett continues to sell Bank of America. According to documents disclosed by Berkshire Hathaway, a subsidiary of Warren Buffett, Buffett sold approximately $770 million worth of Bank of America common stock between July 25th and 29th, with a selling price ranging from $41.20 to $42.01, for a total of 18.41 million shares sold.
Since mid July, Buffett has reduced his holdings in Bank of America multiple times. From July 17th to 19th, 33.89 million shares worth approximately 1.48 billion US dollars were sold; From July 22nd to 24th, nearly 19 million shares worth approximately $800 million were sold. With the latest transaction, Buffett has cashed out approximately $3 billion worth of Bank of America stock in just two weeks. As a result, as of July 29th local time, Bank of America's stock price has fallen nearly 7% since July 17th.