India, Oct. 30 -- HP Inc. (HPQ) is down 9.16 percent, losing $2.91 to $28.92 on Friday. The decline comes amid concerns over weaker PC demand and rising memory costs after Intel warned that customers are signaling a slowdown because of memory prices and availability.
Intel CEO Lip-Bu Tan also said original equipment manufacturers are managing inventory to match softer PC sell-through, raising concerns for computer makers such as HP.
HP is currently trading at $28.92, down from the previous close of $31.83 after opening at $27.30 on the New York Stock Exchange. The stock has traded between $26.97 and $29.62 during the session. Trading volume stands at 15.34 million shares, compared with an average volume of 14.34 million shares.
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