HP (HPQ) Ramps on Fuzzy Rumor
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Hewlett-Packard Company (NYSE: HPQ) is ramping early Monday on rumors Carl Icahn is building a stake and is planning on making it public soon.
These rumors appear questionable. Nonetheless they are moving the stock, with shares up 5% to $14.49 at last check. Be sure that short covering is contributing to the move on the rumor.
It should be noted that activist investor Ralph Whitworth of Relational Investors is already on the Board of Directors of HP.
These rumors appear questionable. Nonetheless they are moving the stock, with shares up 5% to $14.49 at last check. Be sure that short covering is contributing to the move on the rumor.
It should be noted that activist investor Ralph Whitworth of Relational Investors is already on the Board of Directors of HP.
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Carl Icahn, Relational Investors LLC, Ralph V. WhitworthSign up for StreetInsider Free!
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