Tag: HPQ

HP (HPQ) stock price falls amid analysts’ downgrades on weak investors’ confidence in new business directions | US Stock Market

by Editor on August 21, 2011 in Investment Tips & Guides • 0 Comments

Last Friday (19th Aug 11), the technology giant, HP (HPQ) shed about $12 billion of its market value as more than half a dozen Wall Street analysts downgraded its stock, citing a litany of concerns over the company’s ability to reinvent itself. Friday’s drop of $5.91, to $23.60 a share, came a day after HP said it would seek to…