HPQ – Stock Analysis & News (2024-04-01)

HP Inc. (HPQ) has been experiencing some notable developments in recent weeks. The current price of HPQ stands at $30.4, with a weekly forecast of -3.2% and a monthly forecast of -3.1%.

Stock AI forecasts:
– Weekly forecast: 🔴 -3.2%
– Monthly forecast: 🔴 -3.1%

Recent news:

🔴 HP Inc. CEO Enrique Lores participated in the Morgan Stanley Technology, Media, and Telecom Conference on March 4, 2024.
🔴 Pacer Advisors Inc. significantly increased its holdings in HP Inc. during the fourth quarter.
🔴 Profund Advisors LLC reduced its stake in HP Inc. by 10.9% during the third quarter.
🟢 American Century Companies Inc. increased its holdings in HP Inc. by 1.0% during the third quarter.
🔴 HP Inc. Director Robert R. Bennett sold 67,000 shares of the stock on March 21st.
🔴 HP Inc. insider Kristen M. Ludgate sold 41,015 shares of the company’s stock on March 5th.
🔴 Short interest in HP Inc. grew in the month of February.
🔴 Diversified Trust Co cut its stake in HP Inc. by 44.3% during the third quarter.
🟢 Diversified Trust Co raised its holdings in HP Inc. by 53.7% in the fourth quarter.
🔴 HP Inc. insider Stephanie Liebman sold 8,708 shares of the company’s stock on March 8th.
🔴 Stolper Co increased its stake in HP Inc. by 0.9% during the fourth quarter.

The recent news surrounding HP Inc. stock seems to be mixed, with some positive and negative developments. The increase in short interest in February may have raised some concerns among investors, leading to a negative impact on the stock price forecasts. However, the increase in holdings by certain institutional investors and insiders selling shares may have a contrasting effect.

Investors should keep a close eye on how these developments continue to unfold and monitor any further news that may impact HP Inc. stock. The forecasted negative trends for both the short-term and long-term forecasts suggest that caution may be warranted when considering investment decisions related to HPQ.

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