By Kimberly Chin

 

The shares of Verizon Communications Inc. and Chevron Corp. rose 2.7% and 2.2%, respectively, in after-hours trading Tuesday after Warren Buffett's Berkshire Hathaway Inc. disclosed new stakes in the companies over the past quarter.

Berkshire had acquired a stake of 146.7 million shares in telecommunications giant Verizon, according to a securities filing on Tuesday.

The company also bought a stake of 48.5 million shares in Chevron.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

February 16, 2021 17:37 ET (22:37 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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