HP Inc. Stock Falls Monday, Underperforms Market
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Shares of HP Inc. (HPQ) slid 4.12% to $29.29 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.20% to 4,273.79 and Dow Jones Industrial Average falling 0.59% to 33,562.86.
The stock's fall snapped a two-day winning streak.
HP Inc. closed $11.30 short of its 52-week high ($40.59), which the company reached on June 6th.
The stock underperformed when compared to some of its competitors Monday, as Apple Inc. (AAPL) fell 0.76% to $179.58 and Dell Technologies Inc. Cl C (DELL) fell 3.79% to $45.48.
Trading volume (9.7 M) eclipsed its 50-day average volume of 6.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 5, 2023.
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June 05, 2023 17:02 ET (21:02 GMT)
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