Why Shares of Dell Technologies Rose 11.5% in April

Why Shares of Dell Technologies Rose 11.5% in April
·2 min read

Shares of Dell Technologies (NYSE: DELL) rose 11.5% in April, according to data provided by S&P Global Market Intelligence. The server and laptop assembler officially confirmed in a press release that it would be spinning off its near-81% stake in hyper-converged software company VMware (NYSE: VMW) after September of this year. While Dell had first announced its intention to make this move last summer, the new confirmation also provided more concrete details about the transaction, which included very good news for Dell shareholders.