Price Change to Note: Time to Reconsider Dell Technologies Inc After Achieving 52-Week High?

Price Change to Note: Time to Reconsider Dell Technologies Inc After Achieving 52 Week High?

The stock of Dell Technologies Inc (NYSE:DVMT) hit a new 52-week high and has $54.93 target or 3.00% above today’s $53.33 share price. The 8 months bullish chart indicates low risk for the $12.15 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $54.93 price target is reached, the company will be worth $364.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 34,390 shares traded hands. Dell Technologies Inc (NYSE:DVMT) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Analysts await Dell Technologies Inc (NYSE:DVMT) to report earnings on December, 8 before the open.

According to Zacks Investment Research, “Dell Technologies Inc. is a provider of information technology solutions. The company’s operating segment consists of Client Solutions, Enterprise Solutions Group and Dell Software Group. Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware. ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. DSG segment includes systems management, security software solutions and information management software offerings. Dell Technologies Inc. is headquartered in Round Rock, Texas.”

More recent Dell Technologies Inc (NYSE:DVMT) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on September 07, 2016. Also Fortune.com published the news titled: “Meet Michael Dell’s New Tech Behemoth” on September 07, 2016. Bloomberg.com‘s news article titled: “Dell Technologies to Cut at Least 2000 Jobs After EMC Deal” with publication date: September 08, 2016 was also an interesting one.

DVMT Company Profile

Dell Technologies Inc., formerly Denali Holding Inc., is a well-known provider of information technology (IT) solutions. The Firm focuses on providing end-to-end technology solutions. The Firm operates through three divisions: Client Solutions, Enterprise Solutions Group (ESG), and Dell Software Group (DSG). The Client Solutions segment includes sales to commercial and consumer clients of desktops, thin client products, notebooks, as well as services and third-party software and peripherals tied to the sale of Client Solutions hardware. The ESG segment includes servers, networking and storage, as well as services and third-party software and peripherals that are tied to the sale of ESG hardware. The DSG segment includes systems management, security software solutions and information management software offerings. The Company’s subsidiaries include Dell Inc., Universal Acquisition Co. and EMC Corporation.

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