HP Inc. Stock Falls Friday, Underperforms Market
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Shares of HP Inc. (HPQ) sank 0.65% to $30.54 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,191.98 and Dow Jones Industrial Average falling 0.33% to 33,426.63.
The stock's fall snapped a four-day winning streak.
HP Inc. closed $10.25 below its 52-week high ($40.79), which the company achieved on June 1st.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. (AAPL) rose 0.06% to $175.16 and Dell Technologies Inc. Cl C (DELL) rose 1.34% to $47.75.
Trading volume (5.2 M) remained 1.0 million below its 50-day average volume of 6.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2023.
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May 19, 2023 16:59 ET (20:59 GMT)
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