HP Inc. Stock Underperforms Tuesday When Compared To Competitors

Forza X1 Inc

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FRZA Forza X1 Inc

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Consumer Discretionary : Leisure Products |

Company profile

Forza X1, Inc. is focused on the creation, implementation and sale of electric boats, utilizing its electric vehicle (EV) technology to control and power its boats and outboard electric motors. Its electric boats are designed as fully integrated electric boats, including the hull, outboard motor, and control system. The three main components of its electric boats are the fiberglass part of the boat, the motor that propels the boat, and the control system. It offers its EV products, services, and support through a Web-based and mobile phone application, which is a vertically integrated and a direct-to-consumer platform. It utilizes a Web-based and application platform to connect with customers for an end-to-end experience encompassing everything from buying, financing, delivering, servicing, and training. The Company’s two models, the FX1 Dual Console and FX1 Center Console, are designed to be 25-foot in length, and utilize a catamaran hull surface to reduce drag and increase run times.

HP Inc. Stock Underperforms Tuesday When Compared To Competitors

5:00 pm ET March 28, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of HP Inc. (HPQ) sank 0.93% to $27.63 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.16% to 3,971.27 and Dow Jones Industrial Average falling 0.12% to 32,394.25. HP Inc. closed $13.84 below its 52-week high ($41.47), which the company achieved on April 7th.

The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc. (AAPL) fell 0.40% to $157.65 and Dell Technologies Inc. Cl C (DELL) rose 0.84% to $38.31. Trading volume (4.3 M) remained 2.2 million below its 50-day average volume of 6.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 28, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 28, 2023 17:00 ET (21:00 GMT)