6 Red Days In A Row: HP Stock Is Down 17%
HP (HPQ) stock has fallen for 6 consecutive trading days, losing 17.1% over that stretch. That erased about $5.3 billion from the company’s market value, which now stands at about $26.0 billion. The stock closed at $28.27 on Tuesday, November 3, 20.3% below its 52-week high of $35.48 and 61.3% above its low of $17.52.
The Streak Next To The S&P 500
Returns for HPQ and the S&P 500 over the streak and the periods around it, all ending Tuesday, November 3 and including dividends:
| Return Period | HPQ | S&P 500 |
|---|---|---|
| 1 Day | -0.6% | 0.4% |
| 6 Days (Current Streak) | -17.1% | -1.4% |
| 1 Month (21 Trading Days) | -10.2% | -2.6% |
| 3 Months (63 Trading Days) | 0.1% | -1.7% |
| Year To Date | 31.8% | 11.6% |
| 1 Year (252 Trading Days) | 7.4% | 11.9% |
Is This Move About HP Or The Market?
The market explains little of this: the S&P 500 lost 1.4% over the same 6 sessions, including dividends, against HP’s -17.1%. 1 other S&P 500 stock is currently on losing streaks of 6 days or longer. Over the past three months the stock is up 0.1%, a window that includes the streak; over the other 57 sessions of that window it was up 20.7%.
Do The Fundamentals Justify The Selling?
On the fundamentals, revenue grew 8.1% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; its operating margin is 6.6%, versus a median of 21.6%; and the stock trades at 10.6 times trailing earnings against a median of 30.7. On these numbers the business looks sturdier than the stock, with a multiple below the median.
If the drop has you weighing an entry, resist buying on price alone. Our Buy the Dip screen ranks the marked-down names where growth and cash generation still hold up.
A Slide Like This Is Why Diversification Exists
Watching one stock fall day after day is the clearest lesson the market teaches about single-name risk. Whether this particular decline is an opportunity or a warning, the deeper point is the same: no one name should be able to do this to your portfolio.
The Trefis High Quality (HQ) Portfolio is built on that principle: roughly 30 businesses selected for consistent cash generation, strong margins, and resilient balance sheets, sized and rebalanced with rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Study the slide; spread the risk.