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Phillips 66 (PSX) Surged On News Of Berkshire Hathaway Stake

Warren Buffet's Berkshire Hathaway (BRK.A) disclosed Monday morning that it holds a 10.8 percent stake in Phillips 66 (PSX).

Phillips 66 gapped open higher Monday, but traded in a range for the bulk of the session. The stock ended the day with a gain of 1.84 at $79.07 on the highest volume in 2 months. Phillips 66 jumped to over a 1-week high.

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