Warren Buffett's Latest Trade Moving the Market
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??BUFFETT BUYS $OXY + MORE INSIDER TRADES??
Insights from our Stock Insider Trading Activity Dashboard
Warren Buffett buys shares of Occidental Petroleum (OXY) for the first time since February 2024.
Additionally, a director at Salesforce claims the first insider purchase of Salesforce (CRM) since March 2020.
Berkshire Hathaway Purchase
Between June 5th and June 7th, Berkshire Hathaway (BRK.A) purchased 2.56 million shares of Occidental Petroleum (OXY) for approximately $153 million.
This significant investment increases Berkshire's total stake in Occidental Petroleum to 27.97%, consolidating its position as a top institutional holder with nearly a $15 billion stake.
This significant investment reflects confidence in Occidental's future performance, particularly in the energy sector.
Salesforce Insider Purchase
On June 3, Mason Morfit purchased 428K shares at a price of $233.17 per share, totaling approximately $99.8 million.
This acquisition marks the first insider purchase at Salesforce since 2020.
Mason Morfit, is Co-CEO and Chief Investment Officer of ValueAct Capital, and this purchase marks his first insider purchase at Salesforce (CRM) since joining the board in March 2023.
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