HP Shares Climb After Whitman Forecasts Stabilizing Sales
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Hewlett-Packard Co. shares climbed the most since May after Chief Executive Officer Meg Whitman promised more cash for investors and said sales are stabilizing following a two-year drop.
The stock rose 8.9 percent to $22.60 at yesterday’s close in New York. After reaching their lowest in a decade in November, Hewlett-Packard shares have jumped 59 percent in 2013.