Hewlett-Packard Co. (HPQ) Stock Sheds Weight On Profit Booking

By Mark Moneymaster
November 24, 2009 12:39 PM

Symbols: HPQ

Posted in: Earnings

Hewlett-Packard Co. (NYSE: HPQ) stock had already dropped by 1.6% before mid-day trading on Tuesday to touch a level of $50.21, a day after reporting a 14% gain in Q4 profit.

The sell-off in Hewlett-Packard Co. (HPQ) stock is a case of profit-taking after the earnings season is coming to an end for a generally upbeat result season.

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Hewlett-Packard Co. (HPQ) Stock Sheds Weight On Profit Booking

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