Hewlett Packard Enterprise Co is trading at $52.86 (down 4.2%) as investors lock in gains following a significant multi-day rally triggered by its blowout Q2 earnings report.
- The stock recently jumped nearly 20% after reporting 40% revenue growth, a major EPS beat, and an upward revision to its full-year guidance.
- Today's decline is attributed to normal profit-taking and a broader rotation out of tech stocks rather than any new negative company-specific news.