Two weeks earlier, the company had released its quarterly report. Find out what the magnate defined in this regard.
Warren Buffett it’s a investor American recognized as one of the most successful of all times. Therefore, every time he speaks or they meet data about they financial decisions everyone pays attention to his movements.
Over the years, the president and CEO of Berkshire Hathaway accumulated a great personal wealth through its investments, which is why it is considered one of the richest men in the world. Now, with a great financial journey, reveals a golden rule to be successful when investing.
Warren Buffett
Buffett’s decision regarding a major technology company
The billionaire, through his investment vehicle Berkshire Hathaway, sold 5.5 million shares from the American manufacturer of personal computers and printers Hewlett-Packard (HP) for about US$158.5 million.
After this operation, the Warren Buffett’s stake in HP HE reduces from 12.24% of the capital about 11.7%although will remain the company’s largest shareholder through Berkshire Hathaway, with more than 115 million shares in his power.
In April 2022, Buffett had become the first shareholder of HP with the purchase of a package of 120.95 million shares through Berkshire Hathawayin an operation that was then valued at about US$4.2 billion.
The billionaire’s decision came two weeks that the company has reported a year-on-year drop in profit in its fiscal third quartercompleted in July, 31.7%until the US$766 million. The turnover of the American company reached US$13,196 million from May to July, a 9.9% less than in the same period of the previous year.
After knowing that the news of Buffett’s participation cut, company titles technological on the New York Stock Exchange They closed last Thursday with a 1.76% dropup to US$27.83.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
