Hewlett-Packard Company (HPQ) : Traders are bullish on Hewlett-Packard Company (HPQ) as it has outperformed the S&P 500 by a wide margin of 1.81% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.98% in the last 1 week, and is up 2.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
HP Inc. is up 24.82% in the last 3-month period. Year-to-Date the stock performance stands at 24.3%. The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 6.46%.
Hewlett-Packard Company (NYSE:HPQ): The stock opened at $14.46 on Friday but the bulls could not build on the opening and the stock topped out at $14.51 for the day. The stock traded down to $14.39 during the day, due to lack of any buying support eventually closed down at $14.42 with a loss of -0.62% for the day. The stock had closed at $14.51 on the previous day. The total traded volume was 9,503,651 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.