US Stocks in Motion | Downgraded by Barclays, Dell Technologies (DELL.US) Plunges Over 10%

Zhito Finance APP has learned that on Wednesday, Dell Technologies (DELL.US) plunged more than 10% intraday, after having risen as much as 360% year-to-date at its peak, and is now trading at $512.27. The market is still digesting the impact of major shareholder Silver Lake filing a Form 144 to sell 48,655 shares, intending to cash out approximately $27.95 million. Its affiliates had also been continuously reducing their holdings, persistently sending profit-taking signals to the market. Barclays analyst Tim Long downgraded Dell Technologies to Hold and lowered the target price from $603 to $574.