Warren Buffett's Berkshire Hathaway has resumed sales of Moody's shares as the credit rating agency's stock price tops $25.
That's a rebound from June lows that took the stock under $19.Berkshire has been unloading slices of its Moody's position since last summer, but hasn't revealed any sales since March, when the stock was above $30.
According to an SEC filing, a total of 1,350,550 shares were sold for $33.98 million over three trading days ending yesterday (Tuesday). Average selling price: $25.16.
That brings Berkshire's stake in Moody's down to 12.56 percent from 13 percent in March. It had a 20 percent stake before beginning sales in July, 2009.Even after all the sales, however, Berkshire is still Moody's largest shareholder....MORE