Verisign falls
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Why VeriSign (VRSN) Shares Are Trading Lower TodayShares of domain name registry operator Verisign (NASDAQ:VRSN) fell 8.5% in the morning session after news that major shareholder Berkshire Hathaway sold a significant portion of its stake in the company at a discount.
Warren Buffett’s Berkshire Hathaway trims its stake in VeriSign, selling $1.2 billion worth.Image source: Kevin Dietsch/ The evolution of Buffett’s tech
Buffett and his investment team also added to certain holdings, making those buys all the more intriguing. Two such adds were Sirius XM (NASDAQ: SIRI) and VeriSign (NASDAQ: VRSN).