VeriSign Inc., the provider of Internet domain registry and other services, saw its stock surge 5.4% in the 24 hours leading up to the Sunday night trading session. This significant upward movement came as Berkshire Hathaway, the conglomerate run by legendary investor Warren Buffett, continued to increase its stake in the company.
According to a recent SEC filing, Berkshire Hathaway acquired an additional 20,044 shares of VeriSign between December 31st and January 3rd. The purchases were made at an average price of nearly $205 per share, totaling approximately $4.1 million. With this latest acquisition, Berkshire now holds a 14% stake in VeriSign, comprising 13.3 million shares valued at around $2.7 billion.
The continued buying activity by Berkshire Hathaway, known for its value-investing philosophy, is seen as a vote of confidence in VeriSign's business and future prospects. The company's domain registry services and Internet infrastructure offerings are considered essential components of the modern digital economy.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。