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Big Buys of Intel, AT&T, and Facebook Stock by Norway’s Biggest Bank
By Ed Lin
Jan. 19, 2020 7:00 am ET
Norway’s largest financial-services group, DnB, made some big changes in its U.S.-traded stock investments in the last quarter of 2019.
DnB more than tripled its investment in Intel stock (ticker: INTC) and cut its investment in rival Advanced Micro Devices (AMD) nearly in half. The bank also bought substantially more AT&T stock (T) and Facebook stock (FB). DnB disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.
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