Berkshire Hathaway carried on its selling streak for HP, dumping shares of the printer and PC maker for nine straight days and reducing its stake to 10.2%.
Warren Buffett's Berkshire Hathaway carried on its selling streak for HP , dumping shares of the printer and PC maker for nine straight days and reducing its stake to 10.2%. The conglomerate sold more than 5.1 million shares for over $132 million on Thursday through Monday, according to a regulatory filing released Monday night. The average selling price was $25.76 per share. That's slightly below the average selling price of $25.
1% before the selling spree began earlier this month. Berkshire is no longer HP's largest shareholder, falling below Vanguard. HPQ YTD mountain HP The Omaha-based investing giant first bought the tech hardware stock in April 2022. The bet, however, hasn't been profitable as the stock finished last year down more than 28%. Shares are down 4.5% this year, significantly underperforming the market and its tech peers.
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