Buffett's Berkshire Hathaway Acquires 1.27M Shares in Domino's, Stock Surges 8% After Hours

Nov 14, 2024, 09:14 PM

Warren Buffett's Berkshire Hathaway has revealed a new stake in Domino's Pizza, purchasing 1.27 million shares of the company in the third quarter of 2024. Following the disclosure, Domino's stock surged over 8% in after-hours trading, reflecting investor confidence in Buffett's investment decisions. Berkshire Hathaway's cash pile sits at $325 billion, indicating Buffett's strategy to invest in companies like Domino's, which he sees as a cash machine, especially in anticipation of a recession where he aims to fish in troubled waters.