Buffett's Berkshire Boosts Its VRSN Stake to 13.8%

By Steve Strazza

December 31, 2024
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Today’s most notable transaction comes from Warren Buffett’s Berkshire Hathaway, which purchased an additional $15.5 million in VeriSign $VRSN shares, increasing its ownership stake to 13.80%.

This transaction reflects confidence in VeriSign’s ability to maintain its leadership in internet security and stability while benefiting from long-term digital growth trends.

Here’s The Hot Corner, with data from December 30, 2024:

241231_hot_corner_table

Point72 Asset Management filed a 13G for StoneCo Ltd $STNE revealing an initial 13G for 5.10% stake.

Jay Monroe, executive chairman of the board of directors of Globalstar Inc $GSAT revealed a purchase of 1,500,000 shares.

Happy New Year. We'll be back on Thursday with more insider activity.

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Steve Strazza

Chief Market Strategist, All Star Charts

Steve Strazza brings a unique perspective to the world of Technical Analysis due to his diverse background. Steve found an affinity for financial markets during his first job out of college as a big-4 CPA auditing some of Wall Street’s largest broker-dealers, such as Interactive Brokers and Morgan Stanley. Steve then worked in the Asset Management industry in a variety of roles including Controller for a private equity start-up, Fund Accountant at two large hedge funds, and most notably as a personal Accountant for Steve Cohen at SAC Capital and Point72.

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