Skip to main content

Market Overview

HP Shares Fall Over Potential Weak PC Demand Growth: Bloomberg

Share:
HP Shares Fall Over Potential Weak PC Demand Growth: Bloomberg
  • HP Inc (NYSE: HPQ) shares dropped amid analyst concerns over waning PC demand, Bloomberg reports. The decline marked the most intraday low in six weeks.
  • Analysts expressed concerns over the sustainability of the 55% growth in PC shipments during Q1.
  • Early indicators might suggest a correction in consumer demand despite substantial demand potential in the consumer segment, an Evercore analyst stated.
  • The supply constraints, rising inventory levels could also signal to slow PC demand in the consumer and education markets, a Morgan Stanley analyst observed.
  • Price action: HPQ shares traded lower by 3.48% at $28.99 on the last check Monday.
 

Related Articles (HPQ)

View Comments and Join the Discussion!

Posted-In: Bloomberg BriefsNews Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com