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HP (HPQ) Stock Gains Amid Entry Into 3D Printing

NEW YORK (TheStreet) -- HP (HPQ) stock is advancing 0.34% to $11.68 in early-morning trading on Tuesday, as it will introduce two 3D printers targeted at manufacturing customers.

The company will collaborate with businesses such as BMW, Siemens (SIEGY) and Nike (NKE) to co-develop the technology, Bloomberg reports.

HP is expanding into new industries in an attempt to drive growth after splitting from HP Enterprise (HPE) last year. The printers will be delivered beginning in late 2016 and could help the company reverse the trend of declining sales and soft demand for paper-based documents.

The price of one of the...


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