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Benzinga
Benzinga
Business
Akanksha Bakshi

VeriSign Stock Falls After Berkshire Hathaway Cuts Holdings

Stuttgart,,Germany,-,08-12-2023:,Person,Holding,Smartphone,With,Webpage,Of

VeriSign Inc. (NASDAQ:VRSN) shares dropped Tuesday following news that affiliates of Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) are selling a large chunk of their holdings.

The investment firm is offloading 4.3 million shares of the internet infrastructure company at $285 per share, a transaction valued at approximately $1.22 billion.

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