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BUZZ-VeriSign rises after Berkshire boosts stake again

ReutersDec 31, 2024 11:08 AM

Internet services firm VeriSign's VRSN.O shares rise 3.1% to $211.47 premarket

Warren Buffett's Berkshire Hathaway BRKa.N added about 76,487 shares of VRSN for about $15.6 million between Dec. 26 and Dec. 30, as per SEC filing

Berkshire holds ~13.8% stake, with 13,269,836 shares worth over $2.72 billion

Berkshire has been steadily building VRSN stake in December, buying about 143,000 shares between Dec. 20 and Dec. 24, and 234,312 shares between Dec. 17 and Dec. 19

VRSN on track for eighth straight day of gains, best winning streak in over one year

Stock on track for 9.5% monthly rise, its best month since October 2022

Berkshire is co's largest stakeholder as per LSEG data

Two of 4 brokerages rate the stock "strong buy", 2 "hold"; median PT is $210

Up to Monday's close, stock down about 0.4% YTD

(Reporting by Lisa Mattackal in Bengaluru)

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