Seeking Alpha

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.
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Comments (1)
  • Andreas Hopf
    , contributor
    Comments (8900) | Send Message
    Icahn rumours = pump & dump. Sad to see it at work with HPQ.
    2 Aug 2013, 05:47 PM Reply Like
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