INMD - Hot Stocks: Warren Buffett raises stake in ATVI; Berkshire Hathaway results; INMD AXSM earnings
Warren Buffett took center stage in Monday's pre-market action. The billionaire investor revealed that his Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) made $40B in investments over a three-week period in Q1. Activision (ATVI) was among the targets during this spending spree, with Buffett expanding his holdings in the video game maker. ATVI advanced in pre-market trading on the news. In other developments, earnings news remained a notable catalyst before the opening bell. InMode (INMD) climbed on its financial figures, while quarterly results sparked selling in Axsome Therapeutics (AXSM). Gainers Activision (ATVI) rallied in pre-market action on word that Warren Buffett's Berkshire Hathaway (BRK.A)(BRK.B) had increased its stake in the video game maker. The company now holds a 9.5% stake in ATVI, Buffett revealed over the weekend. ATVI has a deal in place to be acquired by Microsoft for $95 per share. With news of Buffett's continued interest, ATVI rose more than 2% in
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Hot Stocks: Warren Buffett raises stake in ATVI; Berkshire Hathaway results; INMD, AXSM earnings