HP Inc. Down Over 16% After 1Q Sales Miss Estimates -- Data Talk

HP Inc. (HPQ) is currently at $20.00, down $3.85 or 16.12%

-- Would be lowest close since Jan. 3, 2019, when it closed at $19.93

-- On pace for largest percent decrease since Aug. 19, 2011, when it fell 20.03%

- Earlier Thursday, Bank of America cut its rating on HP to underperform from buy and BMO Capital cut its price target for HP to $20.00/share from $22.00, Benzinga reported

-- On Wednesday, HP Inc. reported that sales missed Wall Street targets in the first quarter, weighed down by the weaker-than-expected sales of printing supplies to commercial customers

-- Currently down three consecutive days; down 16.33% over this period

-- Worst three day stretch since the three days ending Aug. 23, 2011, when it fell 16.84%

-- Down 9.19% month-to-date; on pace for worst month since December 2018 when it fell 11.04%

-- Down 2.22% year-to-date

-- Down 34.66% from its all-time closing high of $30.62 on July 13, 2000

-- Traded as low as $19.80; lowest intraday level since Jan. 3, 2019, when it hit $19.70

-- Down 16.98% at today's intraday low; largest intraday percent decrease since Aug. 19, 2011, when it fell as much as 22.91%

-- Worst performer in the S&P 500 today

-- Fifth most active stock in the S&P 500 today

All data as of 10:27:29 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires