HP Inc. on Pace for New 52-Week Low After 3Q Earnings Report and CEO Change -- Data Talk
August 23 2019 - 10:57AM
Dow Jones News
HP Inc. (HPQ) is currently at $17.62, down $1.31 or 6.92%
-- Would be lowest close since July 7, 2017, when it closed at
$17.35
-- On pace for largest percent decrease since Feb. 28, 2019,
when it fell 17.27%
-- On Thursday, HP reported third-quarter sales of $14.60
billion, compared with $14.59 billion a year earlier. Analysts
surveyed by FactSet had expected $14.62 billion of revenue in the
quarter
-- Chief Executive Dion Weisler, who took over as HP's CEO in
2015, is stepping down and will be succeeded by Enrique Lores Nov.
1
-- Earlier Friday, Evercore ISI Group cut its rating on HP to
in-line from outperform, Benzinga reported. Six firms including
Evercore cut their price target on HP, Benzinga said
-- Currently down three of the past four days
-- Currently down two consecutive days; down 7.07% over this
period
-- Worst two day stretch since the two days ending Aug. 5, 2019,
when it fell 8.72%
-- Down 16.25% month-to-date; on pace for worst month since
January 2016 when it fell 17.99%
-- Down 13.88% year-to-date
-- Down 27.04% from 52 weeks ago (Aug. 24, 2018), when it closed
at $24.15
-- Would be a new 52 week closing low
-- Traded as low as $17.10; lowest intraday level since July 6,
2017, when it hit $17.10
-- Down 9.67% at today's intraday low; largest intraday percent
decrease since Feb. 28, 2019, when it fell as much as 18.91%
-- Worst performer in the S&P 500 today
-- Fourth most active stock in the S&P 500 today
All data as of 10:13:42 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 23, 2019 10:42 ET (14:42 GMT)
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