HP Inc. Stock Rises Thursday, Outperforms Market

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Information Technology : Technology Hardware, Storage & Peripherals | Mid Cap Value

Company profile

HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers (PCs), workstations, thin clients, commercial mobility devices, retail point-of-sale (POS) systems, displays and peripherals, software, support and services. The Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. The Printing segment is also focused on graphics and three-dimensional (3D) imaging solutions in the commercial and industrial markets. The Corporate Investments segment includes HP Labs and certain business incubation and investment projects.

HP Inc. Stock Rises Thursday, Outperforms Market

5:01 pm ET May 25, 2023 (MarketWatch) Print

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

Shares of HP Inc. (HPQ) rose 3.00% to $30.90 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.88% to 4,151.28 and the Dow Jones Industrial Average falling 0.11% to 32,764.65.

The stock's rise snapped a two-day losing streak.

HP Inc. closed $9.89 short of its 52-week high ($40.79), which the company reached on June 1st.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Apple Inc. (AAPL) rose 0.67% to $172.99 and Dell Technologies Inc. Cl C (DELL) rose 4.73% to $48.08.

Trading volume (7.5 M) eclipsed its 50-day average volume of 6.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 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

May 25, 2023 17:01 ET (21:01 GMT)