Hewlett-Packard Stock Falls On Unusually High Volume (HPQ)
Hewlett-Packard (NYSE:HPQ) is trading at unusually high volume Wednesday with 88.4 million shares changing hands. It is currently at four times its average daily volume and trading down $1.73 (-10.1%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Hewlett-Packard (NYSE: HPQ) is trading at unusually high volume Wednesday with 88.4 million shares changing hands. It is currently at four times its average daily volume and trading down $1.73 (-10.1%) at $15.40 as of 2 p.m. ET.
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Hewlett-Packard has a market cap of $33.84 billion and is part of the technology sector and computer hardware industry. Shares are down 33.5% year to date as of the close of trading on Tuesday. Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and generally high debt management risk. You can view the full Hewlett-Packard Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.