Credit: Shutterstock photoBerkshire Hathaway increases DaVita stake
Bobby Raines 11/11/2013
Berkshire Hathaway, already a beneficial owner of shares of DaVita Healthcare Partners Inc. ( DVA ) , bought 3,700,294 shares of that company's common stock between Nov. 6 and Nov. 8. At prices ranging from $53.25 to $55.98 per share, Berkshire paid a total of $204,046,688 while increasing its stake in the company by 11.8%.
IK-> The technicals for DVA ($57.10 up $0.80) are bearish with a neutral trend. Recent support has been around $53.53 and recent resistance has been around $57.45. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Jan. 45/50 bull-put spread for a 20-cent credit. That's a 4.17% return and the stock has to fall 12.4% to cause a problem. [InvestorsKeyhole, Various news and data services]
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
