HP Inc shares soar, HPE's volatile in first day of trade since split
- 9 years ago
Shares of HP Inc , which houses the legacy printer and PC business, soared as much as 14.4 percent on Monday, while those of Hewlett Packard Enterprise Co , considered the faster-growing of the two, fell as much as 5.8 percent.
The shares of the two companies, carved out of Hewlett-Packard Co, were trading for the first time since the formal split on Sunday.
Hewlett Packard Enterprise's shares rose as much as 3 percent in early trade, before reversing course twice in volatile trading.
HPE, with Meg Whitman at the helm, holds the tech pioneer's corporate hardware and services division.
The company had said in September it would cut about 33,300 jobs over three years - 30,000 at HPE and 3,300 at HP Inc - on top of about 55,000 layoffs previously announced under Whitman.
The shares of the two companies, carved out of Hewlett-Packard Co, were trading for the first time since the formal split on Sunday.
Hewlett Packard Enterprise's shares rose as much as 3 percent in early trade, before reversing course twice in volatile trading.
HPE, with Meg Whitman at the helm, holds the tech pioneer's corporate hardware and services division.
The company had said in September it would cut about 33,300 jobs over three years - 30,000 at HPE and 3,300 at HP Inc - on top of about 55,000 layoffs previously announced under Whitman.