Verizon, Chevron Shares Rise Following Disclosure of Berkshire Hathaway Stakes
February 16 2021 - 5:52PM
Dow Jones News
By Kimberly Chin
The shares of Verizon Communications Inc. and Chevron Corp. rose
2.7% and 2.2%, respectively, in after-hours trading Tuesday after
Warren Buffett's Berkshire Hathaway Inc. disclosed new stakes in
the companies over the past quarter.
Berkshire had acquired a stake of 146.7 million shares in
telecommunications giant Verizon, according to a securities filing
on Tuesday.
The company also bought a stake of 48.5 million shares in
Chevron.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
February 16, 2021 17:37 ET (22:37 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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