Billionaire Warren Buffett's company, Berkshire Hathaway, sold new shares in HP last week, bringing its proceeds in the technology company to $400 million during September.
According to recent sales, Berkshire Hathaway disposed of 4.6 million shares for a price ranging between $25 and $27 last week, raising $120 million.
Buffett's total holding in HP reached levels of 10.7%.
HP's stock jumped to its highest level ever in April 2022 after Berkshire Hathaway revealed its stake in the company, a move that encouraged other investors to buy shares in the company.
But since this period, the company's stock has declined by about 40%.
The sharp decline in the company's shares, coupled with Berkshire Hathaway's reduction of its stake in it, reduced its market value by half, from levels of $5 billion to $2.7 billion.
