In a major move on Wall Street, the Royal Bank of Canada (RBC) has unloaded 2,058,415 shares of HP Inc., cutting its stake in the PC and printer giant by a hefty 33.5%. The sell-off leaves RBC with about 4.1 million HP shares, currently worth around $113 million. While the bank remains a significant shareholder, the scale of the reduction raises eyebrows. Was this a routine portfolio rebalance, or a signal of waning confidence in HP’s long-term direction?
HP has been under pressure as the printing market slows and PC demand remains uneven, forcing investors to weigh whether the company can innovate fast enough to maintain growth. For now, one thing is certain: someone just dumped over $113 million worth of HP stock, and the market will be watching closely to see if others follow.
