HP (NYSE:HPQ) 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.
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%.
Before this announcement, HP’s stock had shown a year-to-date increase of more than 5%.
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