Boston, MA 06/19/2013 (wallstreetpr) – The share prices of Hewlett Packard Company (NYSE:HPQ) had surged by 1.11 percent to close at $25.44 per share for the end of last trading session on Tuesday. The shares of the company had been trading in the range of $25.13 to $25.55 per share, thereby touching new peaks. The shares of Hewlett Packard Company (NYSE:HPQ) had recorded 52 week high price level at $25.55 per share and 52 week low price level of the company is at $11.35 per share.
This recent surge in share prices of Hewlett Packard Company (NYSE:HPQ) to touch new peaks had been attributed to the company winning a new deal from 20th Century Fox to act as a strategic cloud partner. The cloud computing technology of Hewlett Packard Company (NYSE:HPQ) would thereby be used by 20th Century Fox to enhance the dynamism and agility of its business operations and to secure the entertainment assets of the company.
Hewlett Packard Company (NYSE:HPQ) is recently making remarkable progress in its cloud computing technology and had also been shifting its focus from the primary PC centric business to concentrate on the igh margin server, storage and cloud computing space. Further, Hewlett Packard Company (NYSE:HPQ) had also entered into the BPO industry, with some desktop printers, two media player companies and certain other products.
The expansion of Hewlett Packard Company (NYSE:HPQ) into new geographical markets in the regions of Brazil, Russia, India and China is also on the primary focus. In addition, the company had also been focusing on some key growth areas such as Mobile Computing, Digital Printing and Next Generation Data Center Handling.
Hewlett Packard Company (NYSE:HPQ) had witnessed the trade of 11.50 million shares on Tuesday, while the average trading volume for the company is at 19.06 million shares per day. The company presently holds 1.93 billion shares outstanding in the market with an institutional ownership of 78 percent of its holding.
