"Berkshire Hathaway's Latest Stock Moves: Paramount Dumped, Chevron Bought"

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Source: Fox Business
"Berkshire Hathaway's Latest Stock Moves: Paramount Dumped, Chevron Bought"
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TL;DR Summary

Warren Buffett's Berkshire Hathaway reduced its stake in Paramount Global by 32%, selling about 30.4 million shares, valued at $936.5 million. This move comes amidst reports of National Amusements CEO Shari Redstone struggling to unload her stake in Paramount's holding company. Berkshire Hathaway also made changes to its investments in HP Inc., Apple, Chevron, and Occidental Petroleum Corp, with the conglomerate selling some shares and acquiring more of others. Despite the reduction in its Paramount stake, Berkshire Hathaway's stakes in various companies were worth nearly $347.4 billion combined, nearly 11% higher than in the third quarter.

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