real-time news and commentary for investors
Friday, Aug 2
CNBC refutes latest Icahn/H-P rumors; shares still up strongly
- H-P (HPQ +3.1%) surged to new 52-week highs on a fresh rumor Carl Icahn has taken a stake in the IT giant. Shares have given back of chunk of their gains after CNBC (citing sources) refuted the rumor, but are still posting big gains.
- This isn't the first time Icahn-related rumors have given a lift to H-P.
- H-P's FQ3 results arrive on Aug. 21.