Dell Technologies Inc. (DELL) stock news At 1:23 PM ET time today DELL stock is up more than 8%, with a stock price of 53.27+4.26 (+8.69%). This stock price move is news based for DELL stock. “Dell Technologies shares jumped in trading Wednesday after The Wall Street Journal reported that the company was considering a spinoff of its valuable stake in VMware. If Dell goes ahead with a move, its stock (ticker: DELL) could have additional upside. In late morning trading, the shares were up 7%, at $52.50. Shares of VMware (VMW) are up nearly 3%, to $153.80. Dell’s 81% stake in VMware—about 338 million shares—is worth about $54 billion, or about $71 for every Dell share, based on a Dell’s fully diluted share count of 755 million shares. “We do think there is a tremendous amount of value within core DELL (ex-VMW) that isn’t factored into the current stock price appropriately,” Evercore ISI analyst Amit Daryanani wrote following the report. He has an Outperform rating and an $80 sum-of-the-parts.” Stock market source: https://www.barrons.com/articles/why-a-vmware-stake-spinoff-could-mean-further-gains-for-dell-stock-51593012143?siteid=yhoof2&yptr=yahoo DELL stock chart DELL stock chart as of June 24, 2020, stock market open.
US Stock Market News November 27 2019 The US stock market rally continued. “Each of the three major indices rose to record highs Wednesday as trade optimism buoyed equities and a deluge of economic data came in stronger than expected. The Consumer Discretionary and Communication sectors led gains in the S&P 500, while Industrials lagged. The rise in the 30-stock Dow was led by gains in shares of McDonald’s (MCD) and Home Depot (HD).”, Source: Yahoo Finance This is the summary for US stock market at close on Wednesday November 27, 2019: S&P 500: 3,153.63,+13.11(+0.42%) Dow 30: 28,164.00,+42.32(+0.15%) Nasdaq: 8,705.17,+57.24(+0.66%) Russell 2000: 1,634.10,+9.87(+0.61%) Stocks biggest gainers AVX Corporation (AVX) was among stocks biggest gainers closing at 20.51 +5.47 (+36.37%). Stocks biggest losers Dell Technologies Inc. (DELL) was among stocks biggest losers closing at 50.32-2.87 (-5.40%). Stock investing | Stock trading | Most active stocks Celgene Corporation (CELG) was among most active stocks closing at 108.24+0.11 (+0.10%). U.S. Sectors & Industries Performance Consumer Discretionary was the best performing sector +0.83%, Industrials was the worst performing sector -0.18%. Stock market update All data about stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity and stockcharts.com. This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist.