HP Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of HP Inc. (HPQ) slid 1.83% to $30.00 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.73% to 4,115.24 and Dow Jones Industrial Average falling 0.77% to 32,799.92.
This was the stock's second consecutive day of losses.
HP Inc. closed $10.79 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) rose 0.16% to $171.84 and Dell Technologies Inc. Cl C (DELL) fell 0.95% to $45.91.
Trading volume (5.9 M) remained 224,183 below its 50-day average volume of 6.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
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May 24, 2023 17:00 ET (21:00 GMT)
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