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DaVita’s stock leads S&P 500 decliners after Berkshire pares stake. Its soft guidance isn’t helping. - MarketWatch

1. DaVita's stock dropped 13.5% after Berkshire Hathaway reduced its stake. 2. Berkshire now holds a 45% stake, worth $5.6 billion. 3. Fourth-quarter earnings beat estimates, but guidance is below consensus. 4. The company faces significant costs from closing outpatient clinics. 5. DaVita claims $24.2 million in closure charges for the last quarter.

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FAQ

Why Bearish?

Berkshire's stake reduction typically signals reduced confidence, impacting investor sentiment.

How important is it?

The article discusses key developments affecting DaVita's financial situation and outlook.

Why Short Term?

Immediate reactions to Berkshire's actions and weak guidance will likely weigh on the stock.

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