Watch These HP Price Levels as Stock Tumbles After Company Cuts Outlook Due to Tariffs
Key Takeaways
- HP shares fell sharply Thursday after the company missed analysts’ profit expectations and issued a light outlook, citing increased costs from tariffs.
- Thursday’s decline followed a breakdown from a rising wedge pattern in yesterday’s trading session.
- Investors should watch important support levels on HP’s chart around $25, $23 and $21, while also monitoring a key overhead area near $29.
HP (HPQ) shares plunged Thursday after the PC maker missed analysts’ profit expectations and issued a light outlook, citing increased costs from tariffs.
The PC maker said its guidance reflects tariff costs and actions taken to mitigate associated trade risks, adding that it had responded quickly to expand its manufacturing…
