Stock Traders Buy High Volume of Put Options on Dell Technologies (DVMT)
Dell Technologies Inc. (NYSE:DVMT) was the target of some unusual options trading on Thursday. Stock traders acquired 1,277 put options on the company. This represents an increase of approximately 1,230% compared to the typical volume of 96 put options.
Separately, BidaskClub lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.
In related news, insider David I. Goulden sold 4,700 shares of the stock in a transaction on Friday, December 28th. The stock was sold at an average price of $80.93, for a total value of $380,371.00. Following the completion of the transaction, the insider now owns 20,755 shares in the company, valued at approximately $1,679,702.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total value of $47,624,399.42. The disclosure for this sale can be found here. Insiders sold a total of 454,482 shares of company stock valued at $49,184,799 in the last quarter. 45.00% of the stock is currently owned by corporate insiders.
Shares of Dell Technologies (NYSE DVMT) opened at $88.49 on Friday. Dell Technologies has a 1 year low of $57.64 and a 1 year high of $88.95. The company has a market capitalization of $68,006.12, a PE ratio of -12.21 and a beta of 0.07. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.78 and a current ratio of 0.85.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings data on Thursday, December 7th. The company reported $1.57 EPS for the quarter. Dell Technologies had a positive return on equity of 21.53% and a negative net margin of 4.50%.
About Dell Technologies
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
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