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With a market cap of $19.1 billion, HP Inc. (HPQ) is a global technology company, providing personal computing, printing, 3D printing, and hybrid work solutions to consumers, businesses, and public sector clients worldwide. It operates through three segments: Personal Systems; Printing; and Corporate Investments, offering a wide range of hardware, software, and services.
Shares of the Palo Alto, California-based company have lagged behind the broader market over the past 52 weeks. HPQ stock has declined 20.4% over this time frame, while the broader S&P 500 Index ($SPX) has risen 26.5%. In addition, shares of the company have dropped 7.3% on a YTD basis, compared to SPX's 5.1% gain.