HP (HPQ) Prefers Spinoff of PC Unit -CNBC
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Price: $24.63 -0.57%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.9%
EPS Growth %: -12.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.9%
EPS Growth %: -12.0%
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CNBC reporting HP (NYSE: HPQ) has said it prefers a spinoff of its Personal Computers unit. CNBC cites a company statement directly from HP.
The stock sold off by nearly 30 percent a couple weeks ago following rumors of action on the PC unit, as well as extremely concerning earnings and guidance.
The stock sold off by nearly 30 percent a couple weeks ago following rumors of action on the PC unit, as well as extremely concerning earnings and guidance.
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