HP Inc (HPQ) is the focus of today’s FOMO segment. Alex Coffey and Jenny Horne discuss the company which develops personal computers, printers and related supplies. Jenny looks at shares of HP Inc. (HPQ) which jumped Thursday after it was disclosed that Warren Buffet had acquired a major stake in HPQ. The billionaire’s Berkshire Hathaway acquired 121M shares, worth about $4.2B. This gives Berkshire Hathaway 11.4% ownership of the company. Jenny and Alex talk about the market reaction to the news and point out that more than 29.5 million shares of HPQ changed hands 30 minutes into trading, more than twice its average daily volume. Finally, Alex demonstrates a sample trade using HPQ which was trading at a 52 week high of $41/share.
11 Apr 2022