Shares of Paramount Global traded within the crimson after hours on Wednesday following the news that Warren Buffett’s Berkshire Hathaway pared its holdings within the firm.
Berkshire Hathaway
BRK.A,
BRK.B,
offered a few third of its stake in Paramount
PARA,
and now holds about 63 million shares within the leisure firm. Paramount has 610.7 million shares excellent and a public float of 576.53 million shares.
The inventory fell 6% to $12.39 in post-market buying and selling on quantity of greater than 3.7 million shares. Paramount’s inventory closed the day’s common session up 1.4% at $13.19.
The shares have fallen 11% this 12 months, and 46% within the final 52 weeks.
Source web site: www.marketwatch.com
