Shares of Hewlett-Packard Company (HPQ) Sees Large Outflow of Money

Hewlett-Packard Company (HPQ) : The total negative money flow of $4.32 million on Wednesday indicates selling on strength. The inflow of money on upticks was $27.44 million, compared to $31.76 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.86. The negative money flow of $4.94 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $15.06 million in a block trade.The transaction value of block trade on downtick was $19.99 million. The uptick to downtick ratio was 0.75. The price action in the Hewlett-Packard Company (HPQ) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $14.19 with a gain of $0.14 , a change of 1.02% over the previous days close. The stock registered 2.48% for the week.


Hewlett-Packard Company (NYSE:HPQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.15 and $14.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.16, notching a gain of 0.78% for the day. The total traded volume was 17,222,703 . The stock had closed at $14.05 on the previous day.

The stock has recorded a 20-day Moving Average of 9.27% and the 50-Day Moving Average is 11.56%. In a related news,The (Chief HR Officer) of Hp Inc, Keogh Tracy S sold 200,000 shares at $13.14 on May 27, 2016. The Insider selling transaction had a total value worth of $2,628,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.