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.

apple stock forecastRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here

Stock Pricing Based on Artificial Intelligence: Up to 35.71% (short) Return in 1 Month

Package Name: Top 10 Stocks
Forecast Length: 1 Month (10/19/15 – 11/19/15)
I Know First Average: 7.32% (Long) and 10.84% (Short)

Read The Full Forecast

Stock Pricing