The stock of HP Inc (NYSE:HPQ) last traded at $29.29, down -2.50% from the previous session.
HPQ stock price is now -11.08% away from the 50-day moving average and -16.15% away from the 200-day moving average. The market capitalization of the company currently stands at $27.61B.
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With the price target reduced from $39 to $38, TD Cowen maintained Hold rating for HP Inc (NYSE: HPQ). On November 29, 2024, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $39 to quote $38, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, LORES ENRIQUE, President and CEO sold 54,987 shares of the company’s stock on Mar 03 ’25. The stock was sold for $1,708,996 at an average price of $31.08. Upon completion of the transaction, the President and CEO now directly owns 34,285 shares in the company, valued at $1.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30 ’24, Global Controller Liebman Stephanie sold 11,000 shares of the business’s stock. A total of $357,500 was realized by selling the stock at an average price of $32.50. This leaves the insider owning 6,277 shares of the company worth $0.18 million. A total of 0.26% 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 $39.79.
The company reported revenue of $13.5 billion for the quarter, compared to $13.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.42 percent.
