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Gordon Haskett: Is Activist Targeting HP?

Gordon Haskett: Is Activist Targeting HP?
Benzinga Benzinga (Economia)

Trading volume for shares of HP Inc (NYSE: HPQ) is unusually high in recent days, and Gordon Haskett analyst Don Bilson speculated Wednesday that an activist investor could be targeting the stock.

What exactly is going on isn’t fully clear, Bilson said, but added that it’s clear the stock is a consensus sell and is trading below nine times EPS.

“All told, we don't see any flames just yet, but we smell enough smoke to ring the alarm,” the analyst said.

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