Apple investors urged to stay calm after Warren Buffett slashes stake

Quick Summary:

His firm Berkshire Hathaway revealed on Aug 3 that it sold almost half of its position in Apple.

The selling took place during a torrid run in the stock market that sent Apple shares 23 per cent higher and pushed the S&P 500 from one record to the next.

It’s also not the first time Berkshire has cut its stake in Apple.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Portfolio Investors Shares Stake Position First Berkshire’s Berkshire Buffett Cent Apple

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 08:20:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 786 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21923148

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 15 posts per day

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Headquarters: Singapore

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Publisher ID: #25

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