Back to top

Image: Bigstock

HP (HPQ) Surges: Stock Moves 6.4% Higher

Read MoreHide Full Article

HP Inc. (HPQ - Free Report) 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%.

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

Is HPQ going up? Or down? Predict to see what others think:Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


HP Inc. (HPQ) - free report >>

Adobe Systems Incorporated (ADBE) - free report >>

Published in