HP shares hit a seven-year low


Hewlett-Packard’s stock value dropped by around 4% yesterday, not a considerable amount in itself but the company has found itself at the lowest point it has been in the past year. In addition, HP’s stock value is hovering around the same value as it last was in 2005.

HP’s stock closed at $20.30 yesterday, representing a 20% drop since the beginning of this year. Other figures, provided by AllThingsD, show that HP has dropped 62% from it’s peak price seen in 2010, which also works out to a 53% drop over the past five years.

This does represent a 28% gain over ten years but the company’s current restructuring plan will make it difficult for HP to reverse the recent losses it has been seeing.

Source: AllThingsD


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