DAL is trading 5.3% up at $71.36 after news that Warren Buffett’s Berkshire Hathaway has taken a major new position in the airline.
- A recent Schedule 13G filing revealed Berkshire bought about 39.8 million shares, representing a stake valued at approximately $2.6 billion.
- Investors are treating the move as a strong vote of confidence, re-rating the stock higher despite only modestly positive overall market conditions.