RH stock plunges 8% after Warren Buffett's Berkshire Hathaway dumps its entire stake in the home furnishings company
Charlie Munger and Warren Buffett.RH stock price plunged 8% on Tuesday after Warren Buffett's Berkshire Hathaway sold its entire stake in the home furnishings company.
Berkshire Hathaway began building its RH stake in the third quarter of 2019, and it was last worth about $575 million. Shares of RH have plunged 67% from their post-pandemic high, but Buffett still likely made a profit on the company. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.
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