Hewlett-Packard (HPQ) Leads Tech Higher, Erases Loss Since CEO Transition
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Hewlett-Packard Co. (NYSE: HPQ) is leading tech giants higher today as the group catches rally fever along with broader markets.
After what some would say has been a disappointing year for Hewlett-Packard so far -- and that might be an understatement -- the stock is up 7.2 percent on the session. Hewlett-Packard is still down 42 percent for 2011.
Last week, Hewlett-Packard announced that Board member and former eBay (Nasdaq: EBAY) chief Meg Whitman would take over as CEO for the company. Shares initially surged, but overall market pressure brought the stock down to reality, and than to a place below where it was when Leo Apotheker was still at the helm. With today's move, that knee-jerk and lapse has finally been ironed out.
Others also higher in the segment include Dell Inc. (Nasdaq: DELL), which is up over 4 percent, and IBM (NYSE: IBM), which is 2.6 percent better.
After what some would say has been a disappointing year for Hewlett-Packard so far -- and that might be an understatement -- the stock is up 7.2 percent on the session. Hewlett-Packard is still down 42 percent for 2011.
Last week, Hewlett-Packard announced that Board member and former eBay (Nasdaq: EBAY) chief Meg Whitman would take over as CEO for the company. Shares initially surged, but overall market pressure brought the stock down to reality, and than to a place below where it was when Leo Apotheker was still at the helm. With today's move, that knee-jerk and lapse has finally been ironed out.
Others also higher in the segment include Dell Inc. (Nasdaq: DELL), which is up over 4 percent, and IBM (NYSE: IBM), which is 2.6 percent better.
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