HP Inc. (HPQ) Dips 6.23% for July 28

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday July 28 was HP Inc. (HPQ). The stock experienced a 6.23% decline to $16.70 with 19.9 million shares changing hands.

HP Inc. started at an opening price of 17.77 and hit a high of $17.87 and a low of $16.66. Ultimately, the stock took a hit and finished the day at $1.11 per share. HP Inc. trades an average of n/a shares a day out of a total 1.43 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. HP Inc. hit a high of $23.94 and a low of $12.54 over the last year.

HP Inc. is a leading provider of computers, printers, and printer supplies. The company's two operating business segments are its personal systems, containing notebooks, desktops, and workstations and its printing segment which contains supplies, consumer hardware, and commercial hardware. In 2015, Hewlett-Packard was separated into HP Inc. and Hewlett Packard Enterprise. The Palo Alto, California based company sells on a global scale with 63% of fiscal 2017 revenue derived from outside the United States.

With its headquarters located in Palo Alto, CA, HP Inc. employs 56,000 people. After today’s trading, the company’s market cap has fallen to $23.88 billion, a P/S of n/a, a P/B of -32.12, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on HP Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: HPQ’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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