Historical Stock Chart
3 Months : From Sep 2019 to Dec 2019
By Maria Armental
HP Inc.'s stock set a 52-week low of $16.46 Friday, a day after it laid out plans to overhaul operations including eliminating the regional operating layer and slashing one-fifth of distribution centers. The company also announced another drastic round of job cuts of up to roughly 16% of its workforce.
Shares recovered slightly and closed down 10% at $16.64.
Though the restructuring would be across the company, the key question is how -- and when -- it will stop the bleeding in the printing supplies business, once its cash cow.
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(END) Dow Jones Newswires
October 04, 2019 16:31 ET (20:31 GMT)
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