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Share Name | Share Symbol | Market | Type |
---|---|---|---|
HP Inc | NYSE:HPQ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 27.75 | 0 | 01:00:00 |
By Colin Kellaher
Shares of HP Inc. jumped nearly 15% in premarket trading Thursday after billionaire investor Warren Buffett disclosed that his Berkshire Hathaway Inc. investment vehicle had built a roughly 11% stake in the technology company.
According to a pair of filings with the U.S. Securities Exchange Commission, Berkshire holds nearly 121 million HP shares, worth more than $4.2 billion based on Wednesday's closing prices.
Berkshire, which is looking to put a cash pile topping $140 billion to work, last month said it would pay $11.6 billion to scoop up insurer Alleghany Corp.
HP shares were recently changing hands at $39.93, up 14%, in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 07, 2022 07:58 ET (11:58 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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