BYDDY - Warren Buffett Is Selling His BYD Shares. Should You?
Over the past two months, Berkshire Hathaway , the investment company owned by Warren Buffett, has reduced its holdings in Chinese automaker BYD (OTC: BYDDY) , with its holdings in the automaker dropping to 14.95% from 16.28%. Overall, Berkshire has sold its BYD holdings five times since August, just after the company's stock hit an all-time high of $42.
If you're currently invested in BYD, you might be tempted to follow Buffett's lead and dump your shares. But Berkshire's recent stock sales aren't necessarily a reason to panic. Here's why.
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Warren Buffett Is Selling His BYD Shares. Should You?