Why HP Stock Soared and Nearly Hit an All-Time High Today
From Sharewise: 2024-05-30 16:58:50
HP (NYSE: HPQ) is shining after reporting its fiscal Q2 results, with shares rising 20% close to all-time high. PC sales saw a 3% year-over-year increase, reversing a years-long decline. The company also improved its balance sheet, reducing net debt from $8.8 billion to $7.2 billion in the past year. Investors are optimistic about HP’s future.
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