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HPQ HP Inc

27.75
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
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

HP Shares Leap Premarket After Berkshire Hathaway Reveals Stake

07/04/2022 1:13pm

Dow Jones News


HP (NYSE:HPQ)
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From May 2021 to May 2024

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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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