These are the stocks moving in after hours on Monday, May 15th, 2023.
Berkshire Hathaway (BRK-A) (BRK-B)
Berkshire Hathaway released its 13F filing showing the conglomerate bought shares of financial firm Capital One (COF) in the first quarter, buying up 9,922,000 shares. COF is up more than 5% in after hours.
Berkshire also added to its positions in Apple (AAPL), Occidental Petroleum (OXY), Bank of America (BOC), and Citigroup (C), among others.
As regional bank stocks have been volatile amid recent banking turmoil, Berkshire’s Warren Buffett continues to prefer major lender, Bank of America.
“We’re very cautious… about ownership of banks and we do remain with one bank… I like Bank of America and I like the management,” Buffett said at the shareholder gathering in Omaha, Nebraska.
Berkshire trimmed its position in Chevron (CVX), GM (GM), Amazon (AMZN) and Activision Blizzard (ATVI).
Beam Global shares jumped 11% after first quarter revenue jumped 245% to $13 million, beating…
This article was written by and originally published on finance.yahoo.com