US Stock Movement | Boosted by Berkshire Hathaway's Q1 Positioning, Macy's and Delta Air Lines Jump 5% and 1.8% Respectively in Pre-market Trading
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Glonghui, May 18 | Macy's (M.US) shares rose 5% pre-market to $19.33. Delta Air Lines (DAL.US) shares rose 1.8% pre-market to $71.52. According to reports, Berkshire Hathaway released its first 13F position filing after "Oracle of Omaha" Buffett stepped down as CEO. In Q1, it newly acquired about 39.8 million shares of Delta Air Lines, worth nearly $2.65 billion, accounting for about 1% of Berkshire’s holdings. Based on market value, Delta Air Lines became Berkshire's 14th largest holding as soon as it was newly purchased in Q1. In addition, Berkshire Hathaway also newly acquired over 3 million shares of Macy's worth about $55 million. (Glonghui)
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