HP slips on Berkshire Hathaway's share sale

HPQ Silicon

28/09/2023 12:39

** Shares of laptop maker HP Inc  HPQ.N  fall 1.5% to $25.27
premarket
    ** Warren Buffett's Berkshire Hathaway  BRKa.N  sells
another 4.61 mln shares of HPQ between Sept. 25 and Sept. 27,
according to an SEC filing
    ** Berkshire says it still owns about 106 mln shares of HP 
    ** On Sept. 22, Berkshire had sold nearly 4.8 mln shares of
co, for approximately $129.2 mln
    ** Share sale reduces Berkshire's ownership in HP to 11.2%,
or $2.85 bln- LSEG data
    ** Three of 16 brokerages rate HPQ "buy" or higher, ten
"hold" and three "sell"; their median PT is $30
    ** Up to Wednesday's close, HP had fallen 4.6% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))