Bank of America Stock Drops After Insider Deal

1 min read | September 25, 2024 10:03 AM PDT | By Team Kalkine Media

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Bank of America Stock Drops After Insider Deal — Image source: Shutterstock

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Bank of America shares experienced a slight decline of 0.8% during Wednesday's trading session.

Berkshire Hathaway sold a significant number of shares, with transactions totaling hundreds of millions in value.

The insider transactions were disclosed through official filings, reflecting Berkshire Hathaway's adjusted holdings.

(NYSE:BAC) shares saw a slight dip of 0.8% during mid-day trading on Wednesday. The shares reached a low of $37.8, with the final trade settling at $38.1.

Recent filings revealed significant insider transactions. On Monday, September 23rd, Berkshire Hathaway sold 4.94 million shares at an average price of $39.94, resulting in a total value of approximately $197.36 million. Following this transaction, Berkshire Hathaway continues to hold a substantial stake, with 820.7 million shares.

Earlier, on September 19th, Berkshire Hathaway also sold 11.38 million shares, amounting to roughly $465.81 million. Despite these sales, Berkshire Hathaway's holdings remain significant, now owning 835.9 million shares valued at $34.08 billion. These transactions were disclosed through official filings with the SEC, providing transparency regarding the shareholder activity.

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