Dell shares plunge 11.3%, wiping out $40 billion in market value
DELL Dell Technologies Inc
$507.93 -11.27%
View chart & analysis → - 1Dell shares fell 11.3% on Wednesday to close at $507.93.
- 2The loss in Dell's market capitalization reached $40 billion in a single session.
- 3Analyst Tim Long cut Dell's price target from $603 to $574.
So what's the key point?
Dell's stock price dropped significantly by 11.3% in a single day. This means experts have lowered the price they expect the stock to reach.
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