Tech

Oracle stock falls after Berkshire dissolves its stake

Warren Buffett, one of the most successful investors in the world
Adam Jeffery | CNBC 

Oracle stock fell 2 percent on Thursday after Berkshire Hathaway disclosed that it dissolved its stake in the technology company.

The news came in a regulatory filing from Berkshire Hathaway, which had held 41.4 million Oracle shares at the end of the third quarter. The shares were worth $2.13 billion at the time.

Oracle stock has risen 4 percent in the past year. In December the stock rose after the company reported better-than-expected fiscal second-quarter earnings and flat revenue.

The Oracle move was the only liquidation in the quarter for Warren Buffett's Berkshire Hathaway. The company had a position in Oracle for a single quarter.

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Buffett: We bought “just a little” more Apple, and bought back “a little” Berkshire