On August 17, Constellation declined 5.04% in regular trading, trading at $132.215/share, with turnover of $46.95 million.
On the news front, Berkshire Hathaway's latest Q2 13F filing disclosed that the conglomerate has completely liquidated its remaining Constellation holdings. In Q1, Berkshire had already slashed its stake by 95.1%, reducing its position to approximately 632,890 Class A shares. In Q2, it sold the remaining shares entirely, marking a full exit from the name.
The move signals a systematic reduction in select consumer holdings under Greg Abel's leadership at Berkshire, with capital being redeployed toward positions in Alphabet, Delta Air Lines, and Lennar. As a widely watched market bellwether, Berkshire's complete divestiture has intensified bearish sentiment around Constellation, amplifying selling pressure on the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments