Dell Stock Gives Back Gains After Hours: What’s Happening?

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Dell Technologies Inc(NYSE:DELL) shares are moving lower in extended trading Monday after rallying more than 6.5% during regular trading hours.

Here’s what you need to know.

  • Dell Technologies stock is trending today.

Nvidia Shuts Down Takeover Speculation

Dell shares jumped 6.71% on Monday following reports that NVIDIA Corp(NASDAQ:NVDA) was looking to purchase a large-scale PC and server manufacturer.

CNBC’s Kristina Partsinevelos said in an

shortly after the market close, Nvidia confirmed to CNBC that the earlier reports were false and Nvidia was not engaged in discussions to acquire a PC maker. 

Dell shares fell more than 3% on the news. HP Inc (NYSE:HPQ) shares were also down about 2.5% after hours, according to Benzinga Pro.

Dell may be facing additional selling pressure in Monday’s after-hours session after a fresh SEC filing showed that CFO David Kennedy sold 19,500 shares of Dell stock last week at an average price of $182.53.

Dell Shares Drift Lower After The Close

DELL Price Action: Dell shares were down 3.34% in after-hours, trading at $183.46 at the time of publication on Monday, according to Benzinga Pro.

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