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Warren Buffett Is Finally Selling This Struggling Stock

TheMotleyFool 
0 0 14.09.23
Warren Buffett Is Finally Selling This Struggling StockPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png
 

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.

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Source Fool.com

HP Inc. Stock

€25.85
1.770%
There is an upward development for HP Inc. compared to yesterday, with an increase of €0.45 (1.770%).
With 15 Sell predictions and only 2 Buy predictions the community sentiment for HP Inc. is rather negative.
This results in a negative potential of -41.97% based on a current price of 25.85 € and a target price of 15 € for the stock.
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