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HP (HPQ) Surges: Stock Moves 6.4% Higher

Zacks Equity Research

HP Inc. HPQ was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 17.6% in the past one-month time frame.

The stock gained following news that Xerox has launched a bid to acquire the company.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

HP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

HP Inc. Price

HP Inc. Price

HP Inc. price | HP Inc. Quote

Investors interested in the Computer and Technology sector may consider a better-ranked stock like Adobe Systems Incorporated ADBE, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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