HP Stock Closes Down 10% a Day After Laying Out Restructuring Plans

Date : 10/04/2019 @ 8:46PM
Source : Dow Jones News
Stock : HP Inc (HPQ)
Quote : 21.58  0.0 (0.00%) @ 9:00AM

HP Stock Closes Down 10% a Day After Laying Out Restructuring Plans

Historical Stock Chart

6 Months : From Jul 2019 to Jan 2020

Click Here for more HP Charts.
   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.


Write to Maria Armental at maria.armental@wsj.com


(END) Dow Jones Newswires

October 04, 2019 16:31 ET (20:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest HPQ Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.