UnitedHealth shares jump
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Buffett & Co. picked up UnitedHealth stock on the cheap, with the embattled blue chip one of the newest holdings in the Berkshire Hathaway equity portfolio.
Warren Buffett’s Berkshire Hathaway revealed a position in embattled healthcare giant UnitedHealth Group while showing smaller stakes in longtime holdings Apple and Bank of America, according to a regulatory filing Thursday.
The Oracle of Omaha just took a $1.6 billion stake in the battered healthcare giant, sending shares soaring 9% after hours.
Today, we're looking at Warren Buffett's Berkshire Hathaway's (BRK-B) decision to sell Apple (AAPL) shares while adding UnitedHealth Group (UNH) shares. Editor's note: This post was updated to reflect the proper name for UnitedHealth Group.