RH Shares Slide 7% After Berkshire Hathaway Exits Position
May 16 2023 - 11:29AM
Dow Jones News
By Dean Seal
RH shares fell on Tuesday after Berkshire Hathaway said it has
exited its position in the home-furnishings company.
The stock was down 7% at $246.18 in early trading. Shares have
fallen 12% over the past 12 months.
Warren Buffett's company said after the bell on Monday that it
has dumped its shares of the retailer formerly known as Restoration
Hardware, along with its shares of Taiwan Semiconductor
Manufacturing, Bank of New York Mellon and U.S. Bancorp. The two
banks' stocks were also trading lower Tuesday morning.
Berkshire Hathaway has also trimmed its stakes in Chevron,
General Motors, Amazon.com and Activision Blizzard, according to a
regulatory filing.
The company, meanwhile, has opened a new position in Capital One
Financial and added to its large holdings of Bank of America and
Apple.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 16, 2023 11:14 ET (15:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
RH (NYSE:RH)
Historical Stock Chart
From Apr 2024 to May 2024
RH (NYSE:RH)
Historical Stock Chart
From May 2023 to May 2024