华伦·巴菲特出售了更多的美国银行股票: 你应该跟随他的步伐还是进一步投资?

2024-09-13 00:22:00 - Benzinga

WarrenBuffett'sBerkshireHathawayInc(NYSE:BRK)(NYSE:BRK)hasbeensteadilytrimmingitsstakeinBankofAmericaCorp(NYSE:BAC),sellingoff$7.2billionworthofsharessincemid-July.

WarrenBuffetHasBeenTrimmingStakeInBAC

Followingthesaleof5.8millionsharesfor$228.7millionatanaveragepriceof$39.45onFriday,MondayandTuesday,BerkshireHathaway'sstakeinBankofAmericahasdecreasedtoapproximately11%ofthecompany'stotalshares.Despitethisreduction,BerkshireremainsBAC'slargestshareholderandtrailsbehindAppleInc(NASDAQ:AAPL)andAmericanExpressCo(NYSE:AXP)inBerkshire'stopholdings.

Despitethisaggressivesellingspree,whichhasstretchedover12consecutivesessions,BankofAmericastockhasonlydippedabout1%sinceJuly.Year-to-date,however,thestockhasgained16.7%,slightlyoutperformingtheS&P500.

WhilesomeinvestorsmayseeBuffett'smoveasaredflag,othersmightinterpretthepullbackasabuyingopportunity.Afterall,BankofAmerica'sfundamentalsremainstrong,andCEOBrianMoynihanseemsunbotheredbytheOracleofOmaha'srecentsales.

Atarecentconference,MoynihanreiteratedhisadmirationforBuffett'ssavvy2011investment,whichhelpedshoreupthebankduringatimeofcrisis.

"He'sbeenagreatinvestorforourcompanyandstabilizeditwhenweneededit,"Moynihansaid.

ReadAlso:BankOfAmericaCEOOnBuffett'sShareRetreat:'IDon'tKnowWhatExactlyHeIsDoing...WeCan'tAsk'

Technicals:BearishNow,BullishSignsEmerging?

Currently,BankofAmerica'stechnicalsareflashingmixedsignals.Thestockistradingat$39.06,belowitsfive-day,20-dayand50-daymovingaverages,signalingabearishshort-termoutlook.

华伦·巴菲特出售了更多的美国银行股票: 你应该跟随他的步伐还是进一步投资?

Specifically,theeight-dayandthe20-daySMAsat$39.58,pointtomorepotentialsellingpressure.Thestocktradingbelowthe50-daySMAof$40.18furtherindicatesmedium-termbearishness.

华伦·巴菲特出售了更多的美国银行股票: 你应该跟随他的步伐还是进一步投资?

Meanwhile,theMACDatanegative0.10indicatesbearishmomentum,andtheRSIof45.08suggeststhatBACstockisneitheroverboughtnoroversold.

However,long-terminvestorsmightseeaglimmerofhope.Withthestockpricestillaboveits200-daymovingaverageof$36.82,there'sabullishcasetobemadeforapotentialrebound.

AsBuffettcontinuestoreducehisstake,thekeyquestionremains:IsBankofAmericastilla"greatinvestment"stock,orisittimetomoveon?

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