Hewlett Packard Enterprise stock hits new 52-week high
Updated
Updated · MarketWatch · May 8
Hewlett Packard Enterprise stock hits new 52-week high
13 articles · Updated · MarketWatch · May 8
Shares jumped 5.56% to $31.35 on Friday, topping the previous $30.42 peak set on 6 May as the S&P 500 rose 0.84% and the Dow added 0.02%.
HPE outperformed Apple, which rose 2.05%, Microsoft, which fell 1.34%, and Cisco, which gained 4.79% during the broad market advance.
Trading volume was 17.5 million shares, slightly below the company's 50-day average of 17.6 million, indicating the rally came without unusually heavy turnover.
As insiders cash out, is HPE's record-breaking AI stock rally built on solid ground or just hype?
Can HPE's $14B Juniper deal help it win the AI infrastructure war against giants like Dell and Cisco?