Hewlett-Packard Company (NYSE:HPQ) has tumbled 2.81% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 12.52% in the last four weeks. The stocks have underperformed the S&P 500 by 1.65% during the past week but Hewlett-Packard Company (NYSE:HPQ) it has outperformed the index in 4 weeks by 11.5%.
Hewlett-Packard Company (NYSE:HPQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.98 and $12.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.12, notching a gain of 1.08% for the day. The total traded volume was 14,437,778 . The stock had closed at $12.98 on the previous day.
The company shares have dropped -8.86% from its 1 Year high price. On Nov 24, 2015, the shares registered one year high at $14.82 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.45 and the 200 Day Moving Average price is recorded at $11.60.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Keogh Tracy S, (Chief HR Officer) of Hp Inc, had unloaded 200,000 shares at an average price of $13.14 in a transaction dated on May 27, 2016. The total value of the transaction was worth $2,628,000.
Currently the company Insiders own 0.51% of Hewlett-Packard Company shares according to the proxy statements. Institutional Investors own 77.26% of Hewlett-Packard Company shares.
HP INC, formerly Hewlett-Packard Company (HP), is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The Company offers IT industrys broadest portfolios of products and services that bring infrastructure, software, and services through innovation to enable its customers to create value and solve business problems. The Company designs its solutions to provide foundation, in the areas of security, cloud, mobility and big data, by leveraging the breadth of its offerings and the strengths and capabilities of its individual business units. The Companys operations are organized into seven business segments: Personal Systems; Printing; the Enterprise Group (EG); Enterprise Services (ES); Software; HP Financial Services (HPFS), and Corporate Investments.