Stock Forecast: Teva Shares Rally After Buffet Announces His Doubled Position in Teva Stock
This article was written by Esther Hanon, a Financial Analyst at I Know First.
[Source: Wikimedia Commons, May 22, 2018]
"Think twice before you speak, because your words and influence will plant the seed of either success or failure in the mind of another." -- Napoleon Hill
Stock Forecast: Teva Shares Rally Following Buffet Declares His Doubling in Teva Shares
Berkshire Hathaway Solidified its Teva Position in 2018 First Quarter
Summary:
- Shares of Teva Pharmaceutical gained 4% in the extended session after a regulatory filing from Berkshire Hathaway first quarter.
- Berkshire doubled its position in Teva to 40 million shares, having first bought 18.8 million of the generic drugmaker’s shares in the fourth quarter of last year.
- Berkshire owned about 40.5 million Teva American depositary receipts (ADRs) worth about $693 million as of March 31, up from 18.9 million ADRs three months earlier.
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