Meeder Advisory Services Inc. reduced its stake in HP Inc. (HPQ) by 15.3% in the 4th quarter, potentially impacting the stock price.
Stock AI’s forecasts:
🔴 -3.7% short
Stock AI’s (HPQ) Forecast get (+10.4% Profit)
StockAI’s analysis delivers real-world results. On 08 March 2024, $HPQ ($30.7), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $27.5 (🔴-10.4%). Selling HPQ on this signal yielded a +10.4% profit 💰💰.
HPQ-HP Inc. News
🔴 Meeder Advisory Services Inc. reduced its stake in shares of HP Inc., causing a negative impact on the stock price.
🟢 Pacer Advisors Inc. increased its holdings in HP Inc., which may lead to a positive impact on the stock price.
🔴 Geneos Wealth Management Inc. decreased its holdings in HP Inc., potentially resulting in a decrease in the stock price.
🔴 HP Inc. Director Robert R. Bennett sold 67,000 shares of the stock, which could have a negative effect on the stock price.
🔴 HP Inc. was the target of a large growth in short interest, indicating a potential decrease in the stock price.
🟢 Diversified Trust Co raised its holdings in HP Inc., suggesting a positive impact on the stock price.
Recent news surrounding HP Inc. stock has been mixed, with some institutions reducing their stakes while others increasing their holdings. The reduction in stake by Meeder Advisory Services Inc. and Geneos Wealth Management Inc. may lead to a negative impact on the stock price, as investors interpret this as a lack of confidence in the company. Additionally, the sale of shares by Director Robert R. Bennett could further contribute to a decrease in the stock price.
On the other hand, the increase in holdings by Pacer Advisors Inc. and Diversified Trust Co may provide some support for the stock price, indicating a positive outlook from these institutions. Overall, the fluctuating sentiments from different investors suggest that the stock price of HP Inc. may experience volatility in the near future. Investors should closely monitor these developments to make informed decisions regarding their investment in HP Inc.
HPQ-HP Inc. Analyst Ratings
Analyst ratings for HP Inc. (NYSE: HPQ) stock have been mixed recently, with some analysts upgrading their ratings while others are downgrading them. Here is a brief list of recent analyst ratings:
📉 Goldman Sachs analysts downgraded their rating on HP Inc. stock from Buy to Neutral and maintained a target price of $30.
📈 Morgan Stanley analysts upgraded their rating on HP Inc. stock from Equal Weight to Overweight and raised the target price from $28 to $32.
📉 Barclays analysts downgraded their rating on HP Inc. stock from Overweight to Equal Weight and decreased the target price from $31 to $29.
Overall, it seems that analysts have differing opinions on the future performance of HP Inc. stock, so investors should carefully consider these ratings before making any investment decisions.
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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