HP Inc. (NYSE:HPQ) stock fell more than 1% in premarket trading on Thursday following the disclosure that Warren Buffett's Berkshire Hathaway (NYSE:BRKa) (NYSE:BRKb) sold approximately $158.5 million worth of shares in the PC maker.
This move by Berkshire Hathaway involved three transactions, totaling around 5.5 million shares valued at about $158.5M. Following this sale, Berkshire cut its stake in HP Inc. from 12.2% to 11.7%.
Prior to this development, HP Inc.'s stock had shown a year-to-date increase of 5.4% as of the last close.