HPQ - Hot Stocks: Buffett's HPQ stake; EURN FRO merger deal; CAG earnings; F downgrade
A large investment from Warren Buffett brought HP (NYSE:HPQ) into the spotlight in Thursday's pre-market trading. The billionaire's Berkshire Hathaway (BRK.A) (BRK.B) has taken a stake of more than 11% in the computer and printer maker. The oil tanker industry received pre-market attention as well, as Euronav (EURN) and Frontline (FRO) announced a merger deal worth more than $4B. Turning to some of the standout decliners before the opening bell, ConAgra (CAG) dropped after issuing disappointing guidance. Meanwhile, Ford (F) dipped on news of an analyst's downgrade. Gainers HP (HPQ) jumped in pre-market trading, rising nearly 14% on news that Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) has acquired a major stake in the firm. In a series of regulatory filings, BRK.A disclosed that it had acquired approximately 11.4% of the HPQ's equity. This equates to around 121M shares, worth about $4.2B. Euronav (EURN) also showed pre-market strength, surging almost 12%
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Hot Stocks: Buffett's HPQ stake; EURN, FRO merger deal; CAG earnings; F downgrade