VeriSign’s Stock Plunges Amid Berkshire Hathaway’s Massive Sell-Off
VeriSign Inc’s stock price has taken a devastating hit, plummeting 3.78% in the past 24 hours and a staggering 7.61% in the past five days. The catastrophic decline is a direct result of Warren Buffett’s Berkshire Hathaway unloading nearly $1.23 billion worth of shares in the company. This seismic shift in the market has left investors reeling, but VeriSign’s stock still manages to cling to a 29% gain in 2025.
The sell-off in VeriSign’s stock is not an isolated incident. The broader market is also feeling the pinch, with the NASDAQ Composite and S&P 500 indices experiencing significant losses. The question on everyone’s mind is: what’s behind this sudden downturn? The answer lies in Berkshire Hathaway’s acquisition of new stocks in the first quarter of 2025. It appears that Buffett’s investment strategy has shifted, and VeriSign is no longer a priority.
- Key statistics:
- VeriSign’s stock price dropped 3.78% in the past 24 hours
- VeriSign’s stock price dropped 7.61% in the past five days
- Berkshire Hathaway sold nearly $1.23 billion worth of VeriSign shares
- VeriSign’s stock remains up 29% in 2025
- NASDAQ Composite and S&P 500 indices experiencing losses
The writing is on the wall: VeriSign’s stock is no longer a safe bet. The company’s reliance on Berkshire Hathaway’s investment has been exposed, and the consequences are dire. As the market continues to fluctuate, one thing is certain: VeriSign’s stock will not recover without a drastic change in strategy. The question is: will the company be able to adapt, or will it become a casualty of the market’s volatility?