US stocks return to the KTV, Buffett's selling spree resumes

According to a regulatory filing submitted to the U.S. SEC on Monday evening, Warren Buffett's Berkshire Hathaway company sold about 14 million shares of Bank of America stock last Thursday to this Monday, worth $550 million, with an average selling price of around $39.50.

This year, Berkshire Hathaway has sold a total of about 100 million shares of Bank of America stock. After the latest sale, Berkshire Hathaway holds 928 million shares of Bank of America, accounting for 12% of the outstanding shares, valued at nearly $37 billion.

This is also Berkshire's resumption of stock selling operations after pausing sales during the August stock market plunge. Berkshire is an active seller, with Monday's sales accounting for nearly 20% of the trading volume of Bank of America stock on that day.

The blue box in the chart represents the period when Berkshire did not sell Bank of America stock, indicating that based on recent developments, Berkshire did not sell when the Bank of America stock price was below approximately $39.

Berkshire began intensively selling Bank of America stock, which was its second largest holding at the time, in July this year. From mid-July to August 1st, Berkshire reduced its holdings of Bank of America for 12 consecutive trading days, with a reduction of 8.8% in its holdings, totaling $3.8 billion.

On Tuesday, Bank of America opened lower, with the stock price falling over 3.3% intraday, making it the worst performer in the KBW Bank Index. By the close of Tuesday, Bank of America's stock price fell nearly 2.5%, closing at $38.69. Despite falling more than 10% from its year-to-date high, Bank of America's stock price is still up 16% this year. The stock price of Bank of America reached its peak on July 17th this year