In Thursday’s Wall Street session, HP Inc (NYSE:HPQ) shares traded at $33.13, down -2.07% from the previous session.
HPQ stock price is now -0.17% away from the 50-day moving average and -5.16% away from the 200-day moving average. The market capitalization of the company currently stands at $31.24B.
With the price target reduced from $39 to $38, HSBC Securities Downgraded its rating from Buy to Hold for HP Inc (NYSE: HPQ). On November 27, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $32 to quote $39, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Liebman Stephanie, Global Controller sold 11,000 shares of the company’s stock on Dec 30 ’24. The stock was sold for $357,500 at an average price of $32.50. Upon completion of the transaction, the Global Controller now directly owns 6,277 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30 ’24, Officer Liebman Stephanie bought 14,000 shares of the business’s stock. A total of $455,000 was incurred on buying the stock at an average price of $32.50. 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 $14.05 billion for the quarter, compared to $13.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.72 percent.
