Warren Buffett has sold nearly half its stake in Apple

The 93-years-old investor has dumped nearly half of its gigantic Apple stake last quarter. He offloaded a little more than 49% of the tech stake yesterday.

Why the selling?

It won't be clear why Buffett is selling down the holding, but we might expect on Monday to see some changes on Apple's stock.

Overall, the quarterly report showed Buffett dumping stock last quarter, which saw the S&P 500 rise to a record in anticipation of a “soft landing” for the U.S. economy. That soft landing was called into question this week with Friday’s weaker-than-expected July jobs report.