Shares of Hewlett-Packard Company (HPQ) Sees Large Inflow of Net Money Flow

Hewlett-Packard Company (HPQ) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $4.04 million worth of transactions were on upticks, whereas, the downticks accounted for $2.95 million worth of transactions. The net money flow was a positive $1.08 million and the uptick to downtick ratio was 1.37. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.97 in their favor. The net money flow into the stock was $1.01 million. The value of block trades done on downticks was only $1.04 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.05 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Hewlett-Packard Company (HPQ) was trading at $15.32, down $0.03 during day. The stock slid -0.16% over the previous days close. For the week, the stock recorded 1.49% over the previous weeks close.

Hewlett-Packard

Shares of HP Inc. rose by 3.34% in the last five trading days and 8.3% for the last 4 weeks. HP Inc. is up 28.31% in the last 3-month period. Year-to-Date the stock performance stands at 34.71%.

Hewlett-Packard Company (HPQ) : 5 brokerage houses believe that Hewlett-Packard Company (HPQ) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hewlett-Packard Company (HPQ). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 2.41.

Hewlett-Packard Company (NYSE:HPQ): The stock opened at $15.4 and touched an intraday high of $15.49 on Wednesday. During the day, the stock corrected to an intraday low of $15.17, however, the bulls stepped in and pushed the price higher to close in the green at $15.49 with a gain of 0.98% for the day. The total traded volume for the day was 9,742,233. The stock had closed at $15.34 in the previous trading session.

HP INC, formerly Hewlett-Packard Company (HP), is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The Company offers IT industrys broadest portfolios of products and services that bring infrastructure, software, and services through innovation to enable its customers to create value and solve business problems. The Company designs its solutions to provide foundation, in the areas of security, cloud, mobility and big data, by leveraging the breadth of its offerings and the strengths and capabilities of its individual business units. The Companys operations are organized into seven business segments: Personal Systems; Printing; the Enterprise Group (EG); Enterprise Services (ES); Software; HP Financial Services (HPFS), and Corporate Investments.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.