In pre-market trading, shares of Ulta Beauty Inc. ULTA and Heico Corp HEI are experiencing a significant surge. This comes after Berkshire Hathaway Inc.
BRK BRK announced an increase in its holdings in these companies. What Happened : According to Benzinga Pro , Ulta Beauty Inc. and Heico Corp saw pre-market gains of 16.
39% and 3.85% respectively. Other companies, such as Chubb Limited CB and Occidental Petroleum Corporation OXY , also saw minor pre-market increases.
Chubb Limited’s shares rose by 0.41%, while Occidental Petroleum Corporation’s shares increased by 0.97%.
The company has boosted its holdings in Chubb to 27,033,784 shares and Occidental Petroleum to 255,281,524 shares. Additionally, it has made new, smaller investments in aerospace parts manufacturer Heico Corp with 1,044,242 shares and cosmetics retailer Ulta Beauty Inc with 690,106 shares. See Also: Mark Cuban Gets An Assurance Out Of Chuck Schumer: Will Pass ‘Sensible And Long-Lasting’ Crypto Law By Year-End Why It Matters : The surge in these stocks comes after Berkshire Hathaway, led by renowned investor Warren Buffett , disclosed significant stock sales in the second quarter, including a substantial reduction in its Apple Inc.
AAPL holdings. Despite selling over 389 million Apple shares, Berkshire Hathaway still retains 400 million Apple shares. The exact number of shares sold was only clarified recently.
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