🔴 HP is trading 5% down today as Q3 shipments dropped 30.9%

HP is trading 5.1% down at $30.79, with weak Q3 PC demand the clearest specific explanation for the move.

• IDC’s preliminary figures showed global PC shipments fell 20.1% year over year; HP shipments dropped 30.9% to 10.3 million units, the steepest decline among the five largest vendors.
• IDC cited supply constraints, high prices and earlier inventory buying as factors. Technology-sector weakness and oil and Treasury-yield concerns add context, though major indexes were higher.