Sunday, March 3, 2024

HP Stock Hits Six-Year Low

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

Reuters: One day after announcing plans to spin off its PC division, kill off webOS and acquire software vendor Autonomy, HP’s share price dropped to a six-year low. The stock fell to $22.76 Friday morning, erasing $14.5 billion from the company’s market value.

“Last night HP may have eroded what remained of Wall Street’s confidence in the company and its strategy,” Needham & Co wrote in a research note.

Subscribe to Data Insider

Learn the latest news and best practices about data science, big data analytics, artificial intelligence, data security, and more.

Similar articles

Get the Free Newsletter!

Subscribe to Data Insider for top news, trends & analysis

Latest Articles