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Why HP Stock Is Soaring Today

TheMotleyFool

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HP's (NYSE: HPQ) share price is rising sharply this morning after investors found out that Warren Buffett's Berkshire Hathaway recently took an 11% stake in the personal computer and printer company.

The tech stock is up by 16.3% as of 10:47 a.m. ET.

Berkshire Hathaway revealed in an SEC filing yesterday that it had purchased about 121 million shares of HP. That massive purchase now makes Warren Buffett's company the largest shareholder of HP.

Source Fool.com

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