Hewlett-Packard (HPQ) Up on Stock Upgrade

Shares of Palo Alto, California, based Hewlett-Packard Company (HPQ) rose on Tuesday, against the backdrop of a generally higher day on Wall Street. The stock was up 3.66%, rising $1.08 per share, to close at $30.56, on volume of 19,144,896 shares. The company's stock was upgraded by Barclay's on Tuesday, largely on improving prospects for the company as a result of IBM (IBM) selling off it's low end server business.

Hewlett Packard is a multi-national information technology company providing hardware, software and related services to businesses of all sizes, as well as to government, education and healthcare. The company had net income of $5.11 billion on total revenues of $112.25 billion in 2013, and employs 317,500 people worldwide. On Tuesday, Hewlett-Packard's stock was upgraded by Barclay's from "equal weight"

Published on Mar 19, 2014
By Kevin Mercadante

Copyrighted 2016. Content published with author's permission.

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