Buffett's Berkshire Raises Its VRSN Stake to 13.83%

Uncle Warren is at it again, increasing Berkshire Hathaway's stake in VeriSign Inc $VRSN.

The latest filing reveals a purchase of 20,044 shares, bringing Berkshire's ownership to 13.83%.

VRSN is consolidating constructively just below a key resistance level:

The critical threshold is at 255. As long as the stock remains below this overhead supply, it’s difficult to find an attractive setup for the long side.

However, a decisive breakout above this area would change the narrative, presenting a compelling opportunity to get involved.

Here’s The Hot Corner, with data from January 3, 2024:

Meanwhile, Massachusetts Financial Services Company disclosed a 13G filing for TransUnion $TRU, increasing its stake from 9.75% to 10.00%.

A 13G filing typically reflects a long-term, passive investment approach, indicating MFS’s strong conviction in TransUnion’s growth and business prospects.

Finally, director Andre Almeida disclosed an acquisition of 3,807.65 shares, equivalent to $897,527 in T-Mobile US Inc $TMUS.