Warren Buffett's sale of DaVita shares triggers 11% stock drop

Warren Buffett's Berkshire Hathaway sold a significant stake in DaVita, a healthcare provider, leading to an 11% drop in the company's stock price. This marked DaVita's largest one-day decline in nearly two years. Berkshire sold 203,091 shares, reducing its ownership to 45%. The sale was part of a share repurchase agreement with DaVita, which has faced challenges like rising patient care costs and expenses from dialysis center closures. Despite the recent sell-off, DaVita's stock had previously risen 26% over the past year. Buffett's investment decisions often influence stock prices, as seen with his recent purchase of shares in Sirius XM Radio.