Why Hewlett Packard Enterprise, Qudian, and Movado Group Slumped Today
Wednesday was a quiet day for the stock market, with major benchmarks seeing relatively little movement overall in advance of the day off that investors will get for Thanksgiving. With Congress on break for the holiday week, further action on the political front will pause until Monday, and a lack of major macroeconomic news meant there were no big catalysts to drive significant market moves. Still, a few companies suffered from bad news that sent their shares downward. Hewlett Packard Enterprise (NYSE: HPE), Qudian (NYSE: QD), and Movado Group (NYSE: MOV) were among the worst performers on the day. Below, we'll look more closely at these stocks to tell you why they did so poorly.
Shares of Hewlett Packard Enterprise fell 7% after CEO Meg Whitman surprised investors by announcing that she will resign from her position as of Feb. 1. The move arguably shouldn't have shocked shareholders as much as it did, given that Whitman had initially set out a five-year turnaround plan when she was named to the chief executive role in late 2011. Antonio Neri is set to take over as CEO come early 2018, but the move raises major concerns about the future strategic direction for the HP spinoff. Whitman will remain on HP Enterprise's board, but some of those who follow the stock were disappointed given comments earlier in the year that had suggested continuity in the CEO role -- at least in the near term.
Meg Whitman. Image source: Hewlett-Packard Enterprise.
Source: Fool.com
Hewlett Packard Enterprise Co Aktie
Eine Tendenz zu Buy-Einschätzungen bei Hewlett Packard Enterprise Co, überwiegend gegenüber Sell-Einschätzungen.
Mit einem Kursziel von 17 € für Hewlett Packard Enterprise Co ist ein leichter Anstieg gegenüber dem aktuellen Kurs von 15.48 € zu erwarten.
