Berkshire spends $77 million to add to DaVita stake

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Bobby Raines 02/28/2014

Berkshire Hathaway is still buying up shares of DaVita ( DVA ) . Most recently, Warren Buffett's firm bought 1,159,858 shares of the company's common stock on Feb. 24 for $66.58 per share. All told, Berkshire paid $77,679,440 to increase its holdings by 3.2%.

IK-> The technicals for DVA ($69.74 up $1.72) are bullish with an upward trend. Recent support has been around $66.95 and the stock is above recent resistance. Standard & Poor's has a three STARs (ouf of five) ranking on the stock. Look at the July 55/60 bull-put spread for a 25-cent credit. That's a 5.3% return and the stock has to fall 14.0% 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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: DVA

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