Hewlett Packard Volume Pops on Whitman Debate
Shares of Hewlett Packard Co. (NYSE:HPQ) are among the most actively traded stocks in the stock market heading into the weekend. The stock is attracting tons of attention because some investors are uncertain of recently appointed CEO Meg Whitman’s suitability to maintain HP’s business divisions. Others are intrigued by the company’s plan to adjust its focus from consumer products toward servers, software, and network services in attempt to draw more profits. Currently there are 50.41 million shares trading hands at $21.79 (-$1.01).
Stock Price Performance: From July 27, 2011, to September 22, 2011, the stock price had fallen $13.81 (-37.7%) from $36.61 to $22.80. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 7, 2011 when shares rose for seven straight trading days, rising 5.8% (+$2.60). It saw one of its worst periods between May 10, 2011 and May 23, 2011 when shares fell for 10 straight trading days, falling 13.9% (-$5.71).