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 (12596) | 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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