A whale with a lot of money to spend has taken a noticeably bearish stance on HP.
Looking at options history for HP (NYSE:HPQ) we detected 10 strange trades.
Pre-open movers
U.S. stock futures traded higher in early pre-market trade as investors digested comments from Federal Reserve Chairman Jerome Powell. Markets closed lower again on Monday, with the Nasdaq Composite dropping around 1% in the previous session.
Companies Reporting Before The Bell
• Photronics (NASDAQ:PLAB) is likely to report quarterly earnings at $0.50 per share on revenue of $210.00 million.
Bitcoin (CRYPTO: BTC), the world’s most valued cryptocurrency, showed some recovery signs this morning following a sharp sell-off over the weekend amid comments from US Federal Reserve Chair Jerome Powell.
Avid Technology Inc. (NASD:AVID) will replace Plantronics Inc. (NYSE:POLY) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, September 1. S&P 500 constituent HP Inc. (NYSE:HPQ)
HP (NYSE:HPQ) is set to give its latest quarterly earnings report on Tuesday, 2022-08-30. Here's what investors need to know before the announcement.
Analysts estimate that HP will report an earnings per share (EPS) of $1.04.
Brand PC vendors continue to cut back orders amid high inventory levels, and may fail to see their shipments pick up until the second half of next year, according to industry sources.
Gainers
Micro Focus International plc (NYSE: MFGP) shares surged 92% to close at $6.01 on Friday after the company reached an agreement with OpenText to be acquired for $6 billion.