HP Inc. Stock Falls Wednesday, Underperforms Market
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Shares of HP Inc. (HPQ) slipped 0.86% to $29.86 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.70% to 4,090.75 and Dow Jones Industrial Average falling 0.80% to 33,414.24.
The stock's fall snapped a two-day winning streak.
HP Inc. closed $10.93 short of its 52-week high ($40.79), which the company achieved on June 1st.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. (AAPL) fell 0.65% to $167.45 and Dell Technologies Inc. Cl C (DELL) rose 0.89% to $45.16.
Trading volume (5.7 M) remained 1.1 million below its 50-day average volume of 6.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2023.
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May 03, 2023 17:00 ET (21:00 GMT)
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