HP closed at $28.04 (down 0.95%) and added one more to its 4th straight day of losses

Friday at a glance: during Friday's session, HP Inc toiled and struggled for upward momentum before closing at $28.04. By the close, the the global computer company suffered a 27 cents or 0.95% loss.

• Daily trading volume (23.96 million shares) increased, making up 363% of the 21-day average (6.61 million).
• HP's board sets quarterly dividend of 26.3 cents per share to be paid on Wednesday, April 5th; annual dividend yield esimated at 3.75%.

With only a day remaining until market open, Friday's session was noteworthy in that S&P 500 goes down 1.1% before ending the session at 3,916.64. HP closed lower Friday, with similar drops noticed throughout the Technology sector (down 0.307%).

Approximately 9 months ago, the IT company reached a significant high of $40.34 but has struggled to hold onto its gains and declined 29.82% since then. The S&P has been doing worse in 2022, it has been passing it by 1.33%. HP's market cap currently stands at $27.63 billion with an average daily trading volume of 6.61 million shares. HP expected revenue of $14.79 billion with an EPS of 74 cents.

Looking back, the firm's board declared a dividend of 26.3 cents per share on Wednesday, January 11th for all shareholders on record up until Wednesday, March 8th. Based on current prices, the move allows shareholders to receive an annual dividend yield of 3.75% this year to be paid on Wednesday, April 5th.

HP was not the only decliner in the technology sector; Accenture plc Class A (Ireland) went down to $250, losing 1.15% after it closed at $252.92 Friday.

On the other hand, positive performances could be seen by looking at other technology stocks as Microsoft added 1.17% to its value, and traded at $279.43. Adobe traded at $358.14 after closing Friday's trading day at $353.29 (up 1.37%).