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Hewlett-Packard (HPQ) Catches Eye: Stock Jumps 9%

Zacks Equity Research

Hewlett-Packard Company (HPQ) was a big mover last session, as the company saw its shares rise by a little above 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.84 to $26.49 in the past one-month time frame.

This computing and imaging solutions company has seen a mixed track record when it comes to estimate revision. It has moved up 4 estimates and down 2 estimates in the last 7 days, while the Zacks Consensus Estimate, over the same time period, has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Hewlett-Packard currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Better-ranked stocks in the broader computer and technology sector include Lionbridge Technologies Inc. (LIOX), FUJIFILM Holdings Corporation (FUJIY) and Microchip Technology Inc. (MCHP). While Lionbridge and Fujifilm hold a Zacks Rank #1 (Strong Buy), Microchip Technology carries a Zacks Rank #2 (Buy).

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HEWLETT PACKARD CO (HPQ): Free Stock Analysis Report

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