May 6 Warren Buffett's Berkshire Hathaway Inc
sold off another 1.375 million of its Moody's
Corp shares in the past three trading days, leaving it
with an 11.1 percent stake in the parent of credit rating agency
Moody's Investors Service.
Berkshire sold the shares in several transactions on
Thursday, Friday and Monday, yielding a total of $84.5 million
and leaving it with about 25.3 million shares, according to a
regulatory filing on Monday.
Last Wednesday, Berkshire Hathaway said it had sold 1.75
million Moody's shares in the first three days of last week, the
first time since 2010 it had sold shares in Moody's.
Berkshire once held a stake of more than 20 percent in
Moody's. It has owned shares of the New York-based company for
well over a decade.
Moody's shares rose 1.2 percent to $63.50 in regular trading
on Monday, hitting a new 52-week high.