Tech Stock in NEWS Spotlight:- HP Inc. (NYSE:HPQ)

On Tuesday HP Inc. (NYSE:HPQ) remained among the day losers and traded with change of -2.78% on volume of 13532028 shares in the last session as compared to average volume of 7129344 shares. During last trade its minimum price was $21.2 and it gained highest price of $21.77. HPQ has total market capitalization of $34961260730. Its closing value stands at $21.3.

The stock was down in the 5 days activity -3.58%. The one month performance of stock was -1.43%. HPQ shares are at -9.44% for the quarter and driving a 15.32% return over the course of the past year and is now at 1.38% since this point in 2018.  Right now HPQ beta is 1.62. The average volatility for the week and month was at 1.76% 1.84% respectively. There are 1.64B shares outstanding and 1.64B shares are floated in market.

HP Inc. (NYSE:HPQ) recently reported that Steve Fieler has been named Chief Financial Officer, effective July 1. He will succeed Cathie Lesjak, who will assume the role of interim Chief Operating Officer.

Lesjak has served in a wide range of prominent leadership roles in her 32 years at HP, including acting CEO of Hewlett Packard Company. In 2007 she was named CFO, a position she held until the company separation, at which time she became CFO of HP Inc. Lesjak plans to serve as interim COO until her retirement, planned for some time in early calendar 2019.

Dion Weisler, President and CEO of HP said “Having worked with Steve over many years, I have great confidence in his ability to propel us forward and continue to drive profitable growth”. “I’ve enjoyed a tremendous partnership with Cathie and I look forward to the same collaboration with Steve. He has a deep understanding of our global business, a stellar operational and financial track record, and valued relationships within the investment community.”

He added, “Cathie deserves tremendous credit for helping drive our performance, growth and reinvention. Our strategy is working, the team is focused, and we’re firing on all cylinders. She is a best-in-class leader with incredible commitment to delivering shareholder value and has done an extraordinary job assembling a world-class team. I’m grateful for her continued support and leadership in the COO role.”

Shares of HP Inc. have been recently spotted trading -13.94% off of the 52-week high price. On the other end, company shares have been noted 24.56% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 17.10 – 24.75. Switching over to some distances from popular moving averages, we see that the stock has been recorded -2.86% away from the 50 day moving average and -0.56% away from the 200 day moving average. Moving closer, we can see that shares have been trading -3.36% off of the 20-day moving average. 49000 employees work in the Company. It has market cap of $34.98B and dividend yield of 2.63%.

Category – Technology

Grady Lawley is a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. He has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Grady has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Technology category.

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