Updated with closing price: Shares of Paramount Global shot up more than 15 to close at 32.32 Tuesday after Berkshire Hathaway, the company of legendary investor Warren Buffett, disclosed late yesterday that it acquired a chunky stake in the company.
The shares, among the best performers, opened up 10 — following a 1 dip yesterday. They’re still well off a 52-week high of 47 but pulling away from a year low of 26.
Berkshire bought almost 69 million shares of Paramount Global during the first quarter, it said in an SEC filing, along with a 2.9 billion stake in giant Citigroup. It also took or boosted positions in Activision Blizzard and Apple as well as Ally Financial, Markel, McKesson, Celanese, Occidental Petroleum and Chevron. Overall, the investing giant acquired 51 billion worth of stocks during the first quarter of the year.
The SEC requires institutional investors that manage more than 100 million to disclose equity holdings within 45 days after a quarter ends.
The shares, among the best performers, opened up 10 — following a 1 dip yesterday. They’re still well off a 52-week high of 47 but pulling away from a year low of 26.
Berkshire bought almost 69 million shares of Paramount Global during the first quarter, it said in an SEC filing, along with a 2.9 billion stake in giant Citigroup. It also took or boosted positions in Activision Blizzard and Apple as well as Ally Financial, Markel, McKesson, Celanese, Occidental Petroleum and Chevron. Overall, the investing giant acquired 51 billion worth of stocks during the first quarter of the year.
The SEC requires institutional investors that manage more than 100 million to disclose equity holdings within 45 days after a quarter ends.
- 5/17/2022
- by Jill Goldsmith
- Deadline Film + TV
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