The stock of Dell Technologies Inc (NYSE:DELL) last traded at $127.73, up 2.35% from the previous session.
DELL stock price is now 14.81% away from the 50-day moving average and 11.55% away from the 200-day moving average. The market capitalization of the company currently stands at $93.05B.
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On September 17, 2024, Mizuho recently initiated its ‘Outperform’ rating on the stock quoting a target price of $135, while ‘Susquehanna’ rates the stock as ‘Neutral’
In other news, DELL MICHAEL S, Chief Executive Officer sold 10,000,000 shares of the company’s stock on Sep 26 ’24. The stock was sold for $1,224,000,000 at an average price of $122.40. Upon completion of the transaction, the Chief Executive Officer now directly owns 16,912,241 shares in the company, valued at $2.16 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26 ’24, Officer DELL MICHAEL S bought 10,000,000 shares of the business’s stock. A total of $1,224,000,000 was incurred on buying the stock at an average price of $122.40. A total of 57.75% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $63.90 and a high of $179.70. According to the stock market information, the enterprise value for the company is $110541602816, which is based on a 23.49 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for DELL is $111.25 and a two-hundred day moving average price translates $114.5072 for the stock.
The latest earnings results from Dell Technologies Inc (NYSE: DELL) was released for 2024-08-02. The company reported revenue of $25.03 billion for the quarter, compared to $22.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.12 percent.
