- HP Inc HPQ shares dropped amid analyst concerns over waning PC demand, Bloomberg reports. The decline marked the most intraday low in six weeks.
- Analysts expressed concerns over the sustainability of the 55% growth in PC shipments during Q1.
- Early indicators might suggest a correction in consumer demand despite substantial demand potential in the consumer segment, an Evercore analyst stated.
- The supply constraints, rising inventory levels could also signal to slow PC demand in the consumer and education markets, a Morgan Stanley analyst observed.
- Price action: HPQ shares traded lower by 3.48% at $28.99 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
