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Warren Buffett dumping huge amounts of this stock
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Thursday, July 23, 2009
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From 24/7 Wall Street:

Moody’s Corporation (NYSE: MCO) just got a rather interesting insider selling shares, none other than Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A).

The listed entities were Berkshire itself, National Indemnity, OBH, and GEICO. The new stake is down to 16.98% from roughly 20.2%. The filing outlines the terms for more shares to possibly be sold ahead. Frankly, this should have come long ago.

Here were the listed sales in the filing:

7/20/09… 1,817,000 at $28.7269 average in open market sale.
7/21/09… 3,915,100 at $26.9188 average in open market sale.
7/22/09… 2,254,200 at $26.6425 average in open market sale.

Read full article...

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Topics: Warren_Buffett | Short_Selling | Stocks
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