Warren Buffett Is Finally Selling This Struggling Stock
Not every investment that Warren Buffett and Berkshire Hathaway (NYSE: BRK.B)(NYSE: BRK.A) make is a slam dunk. Like all investors, Buffett makes mistakes.
In April 2022, Berkshire purchased a multibillion-dollar stake in (NYSE: HPQ). Buffett and company added to that stake a few months later, pushing its ownership to about 12.3% of outstanding shares.
While Buffett is known to hold some stocks for decades, HP doesn't appear to be one of them. In a Securities and Exchange Commission (SEC) filing on Wednesday, Berkshire disclosed that it had sold about $158 million worth of HP stock. This move brought its stake down to $3.27 billion.
Source Fool.com
HP Inc. Aktie
31,46 €
0,58 %
Die Community neigt bei HP Inc. zu Buy-Einschätzungen, mehr als zu Sell-Einschätzungen.
Ein Kursziel von 32 € für HP Inc. signalisiert ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 31.46 €.
