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

Hewlett-Packard Company (HPQ) : The value of composite uptick trades was $1.39 million, whereas, the value of composite downtick trades was $2.79 million. The uptick to downtick ratio stood at 0.5 with a negative money flow of ($1.4) Million during Tuesdays trading session. The block trades money flow was negative ($1.28 million). The transaction of the trades on downticks amounted to $1.28 million, which confirms investors selling on the strength of price. Hewlett-Packard Company (HPQ) gained 1 cents at $14.44, an increase of 0.07% over the previous days close.


Also, Brokerage firm Citigroup maintains its rating on Hewlett-Packard Company (NYSE:HPQ). As per the latest information, the brokerage house raises the price target to $14 per share from a prior target of $13. The shares have been rated Neutral. The rating by the firm was issued on August 25, 2016.

HP Inc. has dropped 1.3% in the last five trading days, however, the shares have posted positive gains of 1.41% in the last 4 weeks. HP Inc. is up 7.99% in the last 3-month period. Year-to-Date the stock performance stands at 23.95%.

Hewlett-Packard Company (NYSE:HPQ): The stock opened at $14.43 on Tuesday but the bulls could not build on the opening and the stock topped out at $14.46 for the day. The stock traded down to $14.28 during the day, due to lack of any buying support eventually closed down at $14.38 with a loss of -0.35% for the day. The stock had closed at $14.43 on the previous day. The total traded volume was 10,540,817 shares.

In a related news, Keogh Tracy S, (Chief HR Officer) of Hp Inc, unloaded 100,000 shares at an average price of $14.5 on August 15, 2016. The total amount of the transaction was worth $1,450,000, according to the disclosed information 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.

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