Market Overview

Chicago Bridge Sees Bump After Warren Buffett Boosts Stake To 9.89%

Share:
Related CBI
Watch These 8 Huge Call Purchases In Friday Trade
Benzinga's Option Alert Recap From October 12
Update Regarding Lawsuit on Behalf of Participants in the 4…–(k) Plan of Chicago Bridge ... (GuruFocus)

Chicago Bridge & Iron (NYSE: CBI) shares gained nearly four percent in pre-market action Friday, after filings showed Warren Buffett increased his holdings in the company to a 9.89 percent stake.

Buffett boosted his stake in the energy infrastructure business by about 400,000 shares to roughly 10.7 million shares. The stake is valued at $729.8 million.

Chicago Bridge is down more than 30 percent year to date.

Shortly after the market open, it was trading at $58.65, up 10.3 percent.

Posted-In: Warren BuffettNews Legal Hot

 

Related Articles (CBI)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...