HP Drops on Berkshire Hathaway’s Stake Cut
<p><a href='https://financialmodelingprep.com/financial-summary/HPQ'>HP (NYSE:HPQ)</a> witnessed a decline of nearly 2% yesterday after it was revealed that Warren Buffett's Berkshire Hathaway sold approximately $158.5 million worth of shares in the PC manufacturer.</p>
<p>This action taken by Berkshire Hathaway involved three separate transactions, totaling approximately 5.5 million shares. Following this divestment, Berkshire reduced its ownership stake in HP from 12.2% to 11.7%.</p>
<p>Before this announcement, HP's stock had shown a year-to-date increase of more than 5%.</p>

NYSE:HPQ