Check Out What Whales Are Doing With HPQ
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on HP (NYSE:HPQ), with 91% of the spotted trades being bearish. The whales have been targeting a price range from $26.0 to $28.0 for HP over the last 3 months. Morgan Stanley maintains an Equal-Weight rating on HP with a price target of $31, while B of A Securities upgraded its action to Buy with a price target of $33.
October 30, 2023 | 4:00 pm
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A large investor has taken a bearish stance on HP, which could potentially drive the stock price down in the short term. However, positive analyst ratings from Morgan Stanley and B of A Securities could counteract this.
The bearish stance taken by a large investor indicates a lack of confidence in the stock, which could potentially drive the stock price down. However, the positive analyst ratings from Morgan Stanley and B of A Securities indicate a positive outlook for the stock, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100