Stocks of HP Inc (NYSE:HPQ) traded higher last session on Wall Street, down -1.49% to $37.11.
HPQ stock price is now 3.55% away from the 50-day moving average and 12.12% away from the 200-day moving average. The market capitalization of the company currently stands at $35.76B.
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With the price target maintained at $37, Citigroup recently Downgraded its rating from Buy to Neutral for HP Inc (NYSE: HPQ). On September 27, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $37, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, LORES ENRIQUE, President and CEO sold 211,501 shares of the company’s stock on Sep 12 ’24. The stock was sold for $7,013,373 at an average price of $33.16. Upon completion of the transaction, the President and CEO now directly owns 3 shares in the company, valued at $111.33. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Officer LORES ENRIQUE bought 211,501 shares of the business’s stock. A total of $7,012,593 was incurred on buying the stock at an average price of $33.16. A total of 0.24% of the company’s stock is owned by insiders.
During the past 12 months, HP Inc has had a low of $27.42 and a high of $39.52. The fifty day moving average price for HPQ is $35.8368 and a two-hundred day moving average price translates $33.09735 for the stock.
The latest earnings results from HP Inc (NYSE: HPQ) was released for 2024-07-31. The company reported revenue of $13.52 billion for the quarter, compared to $13.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.45 percent.
