Apple's $729 billion transaction breaks records, is stock god Buffett selling out?
Last Friday, Apple's trading volume on the US stock market reached $72.9 billion, hitting a record high. The stock price dropped 2.4% from $233.09 to $227.62 in the last 15 minutes, with 1.2 billion shares traded in the final minute, involving $27.4 billion, surpassing Microsoft's $24 billion in trading. Analysts speculate that it may be Berkshire Hathaway, owned by Buffett, reducing its stake in Apple. Additionally, the market may also be confused due to FTSE quarterly reviews and options trading
Last Friday (September 20th), Apple (AAPL.US) in the US stock market traded as high as $72.9 billion, breaking historical records. The stock price dropped 2.4% from the daily high of $233.09 to $227.62 in the last 15 minutes, with the last minute trading 120 million shares, involving $27.4 billion, surpassing Microsoft's $24 billion, ranking third in daily trading volume. Is Warren Buffett, the stock god, selling Apple? Berkshire Hathaway, under Buffett, disclosed that as of June 30th, it held about $84.2 billion worth of Apple, equivalent to 400 million shares. Some analysts pointed out that if Berkshire Hathaway were to sell the 120 million shares traded in the last minute of Apple, it would have more than enough to do so. It is also worth noting that due to the FTSE quarterly review taking effect on the same day, it could be market confusion over index fund changes; it could also be three-phase settlement, large-scale options trading, similar to Masayoshi Son's reduction of Alibaba holdings. With the new iPhone from Apple being launched, it is also possible that the investment community is bearish on iPhone sales performance and selling off their holdings
