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By August 19, 2017 0 Comments

Warren Buffett’s Berkshire Hathaway Dumps General Electric Stake, Trims Airlines

Warren Buffett’s Berkshire Hathaway (BRKB) sold off its stake in General Electric (GE) during the second quarter, according to a regulatory filing released on Monday, while adding a sliver to its holdings in Apple (AAPL).

Shares of GE edged lower after hours in the stock market today. GE is trading at its lowest levels in nearly two years.

Berkshire also trimmed its stakes in American Airlines (AAL) and Delta Air Lines (DAL) and United Airlines (UAL).

Delta was little changed in late trading, while American and United were also weren’t moving much.

Buffett took a new stake in Synchrony Financial (SYF), a GE spinoff. Synchrony rose 3.8% in late trade.


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