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Dell Technologies (DVMT) Soars: Stock Adds 9% in Session

Zacks Equity Research
Updated

Dell Technologies Inc. DVMT was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $84.00 to $89.57 in the past one-month time frame.

The stock gained after the company announced plans to return to public market by offering a new class of publicly listed common stock.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Dell Technologies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

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Dell Technologies Inc. Price

Dell Technologies Inc. Price | Dell Technologies Inc. Quote

Investors interested in the Computers - IT Services industry may consider Amdocs Limited DOX, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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