Warren Buffett Is Finally Selling This Struggling Stock
Not every investment that Warren Buffett and Berkshire Hathaway (NYSE: BRK.B)(NYSE: BRK.A) make is a slam dunk. Like all investors, Buffett makes mistakes.
In April 2022, Berkshire purchased a multibillion-dollar stake in (NYSE: HPQ). Buffett and company added to that stake a few months later, pushing its ownership to about 12.3% of outstanding shares.
While Buffett is known to hold some stocks for decades, HP doesn't appear to be one of them. In a Securities and Exchange Commission (SEC) filing on Wednesday, Berkshire disclosed that it had sold about $158 million worth of HP stock. This move brought its stake down to $3.27 billion.
Source Fool.com
HP Inc. Stock
€34.30
-3.140%
We see a rather positive sentiment for HP Inc. with 12 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 34 € is below the current price of 34.3 € for HP Inc., so the potential is actually -0.86%.
