HP Inc. on Pace for New 52-Week Low After 3Q Earnings Report and CEO Change -- Data Talk

HP Inc. (HPQ) is currently at $17.62, down $1.31 or 6.92%

-- Would be lowest close since July 7, 2017, when it closed at $17.35

-- On pace for largest percent decrease since Feb. 28, 2019, when it fell 17.27%

-- On Thursday, HP reported third-quarter sales of $14.60 billion, compared with $14.59 billion a year earlier. Analysts surveyed by FactSet had expected $14.62 billion of revenue in the quarter

-- Chief Executive Dion Weisler, who took over as HP's CEO in 2015, is stepping down and will be succeeded by Enrique Lores Nov. 1

-- Earlier Friday, Evercore ISI Group cut its rating on HP to in-line from outperform, Benzinga reported. Six firms including Evercore cut their price target on HP, Benzinga said

-- Currently down three of the past four days

-- Currently down two consecutive days; down 7.07% over this period

-- Worst two day stretch since the two days ending Aug. 5, 2019, when it fell 8.72%

-- Down 16.25% month-to-date; on pace for worst month since January 2016 when it fell 17.99%

-- Down 13.88% year-to-date

-- Down 27.04% from 52 weeks ago (Aug. 24, 2018), when it closed at $24.15

-- Would be a new 52 week closing low

-- Traded as low as $17.10; lowest intraday level since July 6, 2017, when it hit $17.10

-- Down 9.67% at today's intraday low; largest intraday percent decrease since Feb. 28, 2019, when it fell as much as 18.91%

-- Worst performer in the S&P 500 today

-- Fourth most active stock in the S&P 500 today

All data as of 10:13:42 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 23, 2019 10:42 ET (14:42 GMT)

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