HPE Shares Jump 10% as Market Heads Into Holiday Weekend
Hewlett Packard Enterprise shares surged 10.6% to $37.58 Friday, capping a 13.5% weekly gain and pushing market value near $51 billion. Elliott Investment Management increased its HPE stake to 27.4 million shares as of March 31, up from 18.6 million in December. HPE’s Networking revenue jumped 151.5% last quarter, while Cloud & AI fell 2.7%. U.S. markets close Monday for Memorial Day.