Warren Buffett's Berkshire Hathaway continues to sell HP shares, reducing stake to 5.2%
Publishing timestamp: 2023-12-11 17:31:41
Summary
Berkshire Hathaway, Warren Buffett's conglomerate, has reduced its stake in HP to 5.2% according to a regulatory filing. This comes after a nine-day selling streak in September through October, bringing down their bet on the printer and PC maker. Despite the reduction in stake, Berkshire still owns 51.5 million shares of HP, worth about $1.6 billion. HP's shares dipped more than 1% in after-hours trading following the news.
Sentiment: NEUTRAL
Keywords: wall street, business news, breaking news: markets, nasdaq composite, investment strategy, breaking news: business, markets, berkshire hathaway inc, stock markets, breaking news: investing, hp inc,