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0 0 -0.000171855052538528 -2.45507217911983E-05 0.000270057939703461 0 0.000343710105077195 -0.000466463714033187
Stock impact report

BYD's shares are doing so well, early backer Warren Buffett has paused selling his shares [Fortune]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Fortune
Since October, his Berkshire Hathaway Inc. has unloaded about 1% of BYD shares, reducing its total stake in the automaker to 6.9%, according to a Hong Kong stock exchange filing on June 14. That pales in comparison to the 10-month period between August 2022 and June 2023, when the Nebraska-based firm was cutting its holding by one percentage point nearly every month. The legendary investor's pattern aligns with the topsy-turvy developments in China's EV sector, characterized by trade tensions and intense price competition but also increasing global market penetration . Considered an industry bellwether, BYD's stock has largely recovered from a steep drop that began late last year. “Berkshire was probably expecting a higher valuation, so paused after the last selldown,” said Bloomberg Intelligence analyst Joanna Chen. As of mid-2022, Berkshire had owned about a fifth of BYD's Hong Kong-listed shares. Its fast-paced selling in the ensuing months triggered speculation that the lon Show less Read more
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