VeriSign set for seven-day win streak; Berkshire increases stake in December

VeriSign,

30/12/2024 13:39

** Shares of internet services firm VeriSign  VRSN.O  rise
2.3% premarket, on track for seventh straight increase if gains
hold
    ** Shares closed at $203.95 on Friday, highest since January
    ** Warren Buffett's Berkshire Hathaway  BRKa.N  increases
stake in co to 13,193,349 shares as per SEC filing on December
26
    ** Berkshire purchased over 143,000 shares between Dec. 20 -
Dec. 24, and 234,312 shares between Dec. 17 - Dec. 19 as per
Dec. 19 filing
    ** Stake worth about $2.7 billion at VRSN's last closing
price
    ** Berkshire is co's largest stakeholder as per LSEG data
    ** Co on track for nearly 9% monthly rise, its best month
since October 2022
    ** 2 of 4 brokerages rate the stock "strong buy", 2 "hold";
median PT is $210
    ** Up to Friday's close, stock lags S&P 500  .SPX , down
nearly 1% year-to-date

 (Reporting by Lisa Mattackal)