Is HP Inc’s Fuel For Real? The Stock Was Bought By Option Traders

 Is HP Inc's Fuel For Real? The Stock Was Bought By Option Traders

In today’s session HP Inc (HPQ) registered an unusually high (348) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious HPQ increase. With 348 contracts traded and 9574 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: HPQ170120C00017000 closed last at: $0.26 or 16.1% down. About 14.59M shares traded hands or 36.61% up from the average. HP Inc (NYSE:HPQ) has risen 26.24% since March 14, 2016 and is uptrending. It has outperformed by 20.63% the S&P500.

HP Inc (NYSE:HPQ) Ratings Coverage

Out of 25 analysts covering Hewlett-Packard (NYSE:HPQ), 8 rate it a “Buy”, 0 “Sell”, while 17 “Hold”. This means 32% are positive. Hewlett-Packard has been the topic of 72 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Argus Research maintained HP Inc (NYSE:HPQ) on Monday, August 29 with “Buy” rating. Needham maintained HP Inc (NYSE:HPQ) on Thursday, September 17 with “Hold” rating. Barclays Capital maintained HP Inc (NYSE:HPQ) rating on Thursday, August 25. Barclays Capital has “Equal-Weight” rating and $14 price target. The firm earned “Neutral” rating on Thursday, August 25 by Citigroup. On Friday, August 28 the stock rating was maintained by Raymond James with “Hold”. The firm has “Buy” rating by Deutsche Bank given on Thursday, August 25. FBN Securities initiated the shares of HPQ in a report on Wednesday, November 25 with “Sector Perform” rating. The company was downgraded on Tuesday, November 3 by Citigroup. Needham initiated it with “Buy” rating and $14.50 target price in Monday, November 2 report. The stock has “Equal Weight” rating given by Pacific Crest on Monday, August 24.

According to Zacks Investment Research, “HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities – Hewlett Packard Enterprise Company and HP Inc. The company’s focus will be on the PC and printing products and services. HP Inc. is headquartered in Palo Alto, California.”

Insitutional Activity: The institutional sentiment increased to 0.57 in 2016 Q2. Its up 0.24, from 0.33 in 2016Q1. The ratio improved, as 9 funds sold all HP Inc shares owned while 12 reduced positions. 4 funds bought stakes while 8 increased positions. They now own 4.91 million shares or 18.11% less from 6.00 million shares in 2016Q1.
Tirschwell And Loewy has 0.05% invested in the company for 22,000 shares. Gotham Asset Ltd Liability Co last reported 0.39% of its portfolio in the stock. Gulf International Fincl Bank (Uk) Ltd last reported 0.11% of its portfolio in the stock. Moreover, Prentiss Smith And Incorporated has 0% invested in HP Inc (NYSE:HPQ) for 500 shares. Wendell David Assocs Inc has invested 0.07% of its portfolio in HP Inc (NYSE:HPQ). Moreover, Nelson Roberts Advsrs Ltd Liability has 0% invested in HP Inc (NYSE:HPQ) for 280 shares. Balasa Dinverno & Foltz Ltd Liability Corporation last reported 65,334 shares in the company. Grassi Investment Mngmt has invested 0.07% of its portfolio in HP Inc (NYSE:HPQ). The Minnesota-based Jnba Advsr has invested 0.01% in HP Inc (NYSE:HPQ). Mitchell Mcleod Pugh And Williams Inc reported 10,985 shares or 0.12% of all its holdings. Mutual Of Omaha Bancorp Wealth Mngmt accumulated 0.15% or 12,075 shares. The Pennsylvania-based Concannon Wealth Limited Company has invested 0% in HP Inc (NYSE:HPQ). Vantage Advsr has 0% invested in the company for 732 shares. Eagle Asset Management Incorporated reported 133,720 shares or 0.01% of all its holdings. North Star Asset Mgmt, a Wisconsin-based fund reported 28,619 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 5 insider sales for $7.13 million net activity. $2.63M worth of shares were sold by KEOGH TRACY S on Friday, May 27. $149,414 worth of HP Inc (NYSE:HPQ) was sold by MYERS MARIE.

HP Inc. is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company has a market cap of $23.07 billion. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. It has a 6.83 P/E ratio. The Company’s Personal Systems segment provides commercial personal computers , consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support and services for the commercial and consumer markets.

HPQ Company Profile

HP Inc., incorporated on February 11, 1998, is a well-known provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. The Firm sells to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors.

More notable recent HP Inc (NYSE:HPQ) news were published by: Cnbc.com which released: “HP Inc could cut 3000 to 4000 jobs over next three years” on October 13, 2016, also Fool.com with their article: “Better Buy: HP Inc. or Xerox Corp?” published on October 13, 2016, Fool.com published: “HP Inc. Stock Is Finally Getting Some Respect” on October 12, 2016. More interesting news about HP Inc (NYSE:HPQ) were released by: Fortune.com and their article: “HP Inc Backtracks On Its Controversial Printer Lockdown” published on September 29, 2016 as well as Investorplace.com‘s news article titled: “Why Macy’s Inc (M), HP Inc (HPQ) and Twitter Inc (TWTR) Are 3 of Today’s Worst …” with publication date: October 14, 2016.

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