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Should You Buy HP Inc (HPQ) Stock on Tuesday?

Tuesday, November 23, 2021 02:55 PM | InvestorsObserver Analysts
Should You Buy HP Inc (HPQ) Stock on Tuesday?

HP Inc (HPQ) stock has gained 3.11% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
HP Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HPQ!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With HPQ Stock Today?

HP Inc (HPQ) stock has risen 0.75% while the S&P 500 has fallen -0.31% as of 2:47 PM on Tuesday, Nov 23. HPQ has gained $0.25 from the previous closing price of $31.93 on volume of 7,253,774 shares. Over the past year the S&P 500 has gained 30.49% while HPQ has gained 51.86%. HPQ earned $3.23 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.96. To screen for more stocks like HP Inc click here.

More About HP Inc

HP Inc. is a leading provider of computers, printers, and printer supplies. The company's three operating business segments are its personal systems, containing notebooks, desktops, and workstations; and its printing segment which contains supplies, consumer hardware, and commercial hardware; and corporate investments. In 2015, Hewlett-Packard was separated into HP Inc. and Hewlett Packard Enterprise and the Palo Alto, California-based company sells on a global scale. Click Here to get the full Stock Report for HP Inc stock.

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