News In Considerations: Hewlett-Packard Company (NYSE:HPQ), Pier 1 Imports, Inc. (NYSE:PIR), Alcoa Inc. (NYSE:AA)

April 25, 2023 4:00 pm6 commentsViews: 54

Hewlett-Packard Company (NYSE:HPQ) declared that its Bill Veghte, Executive VP of HP’s Enterprise Group, would depart the firm later this summer to follow a new prospect. Since October, Veghte has been leading the separation efforts for Hewlett Packard Enterprise, working closely with Chris Hsu and the Separation Management Office, while continuing to manage the Enterprise Group led by Antonio Neri. Prior to his current role, Veghte served as HP’s Chief Operating Officer. As COO of HP, he was responsible for helping to define HP’s strategy and enabling operational excellence across the company. Shares of Hewlett-Packard Company (NYSE:HPQ) opened at $30.71 with 1806.42 million outstanding shares and hit to its highest price of $31.01 during the day and finally closed at $30.69 by scoring 0.56%.

Pier 1 Imports, Inc. (NYSE:PIR) released that it has hired Jeffrey Boyer as its Executive VP or EVP and CFO, effective July 27, 2015. Boyer joins Pier 1 Imports from Tuesday Morning Corporation (TUES) anywhere he served as Executive VP, Chief Administrative Officer and CFO since September 2013. Tuesday Morning currently anticipates that its Vice President and Controller, Kelly Munsch, will be responsible for the accounting and finance functions on an interim basis until Boyer’s replacement is appointed. Laura Coffey will continue to serve in her role as Executive Vice President and Interim Chief Financial Officer until Boyer’s appointment becomes effective, at which time she will be named to a separate executive position within the Company. On the other consideration, Pier 1 Imports, Inc. (NYSE:PIR) begun last trade with a price of $12.40 and throughout the trading session climbed at $12.71. The day-trade ended with a gain of 1.29% to close at $12.54. The stock is going forward its fifty-two week low with 11.36% and lagging behind from its 52 week high price with -28.04%. PIR last month stock price volatility remained 3.12%.

Alcoa Inc. (NYSE:AA) released that it will enduringly close the firm’s Po├žos de Caldas primary aluminum smelter in Brazil on June 30, 2015. The firm reported smelter has been curtailed since May 2014 as well as underlying market conditions that led to the curtailment have not better. Alcoa declared that closure of the smelter permanently removes a high-cost smelting facility from the Alcoa system and is another step in creating a more profitable Primary Metals business. As a result of the closure, Alcoa expects to record restructuring-related charges in second quarter 2015 between $100 million and $110 million after-tax, or $0.08 to $0.09 per share, of which approximately 60 percent is non-cash. Alcoa Inc. (NYSE:AA) stock hit highest price at $11.23, beginning with a price of $11.09 to close at 11.10 by a gain of 0.27% with a day range of $11.04-$11.23.

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