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Pompano Beach, FL -- (SBWIRE) -- 02/01/2013 -- Dell Inc (NASDAQ:DELL) is closed to a deal to sell itself to a takeover group managed by its founder and Chief Executive Michael Dell and private equity company Silver Lake Partners, perhaps declaring a deal the moment Monday, as per reported by two people closely related with the issue.
Should DELL a Buy or Sell Now? Find Out Here
Michael Dell is predicted to take most of possession of the world’s third-biggest personal computer manufacturer, which presently has a market worth of $23 billion, while Silver Lake and Microsoft Corp would turn into minority investors, a third person closely related with the issue stated on the basis of anonymity.
Dell Inc. (NASDAQ:DELL) shares popped up and rallied 4.23% on Friday trading session.
At the current trading session, Dell Inc. (NASDAQ:DELL) shares gained +3.63% to $13.72 while The Stock traded within the range of $13.59 – $14.17. In the past year, the stock has traded within a range of $8.69 – $18.36. The current session’s volume of 13.72 million shares is down from the average daily trading volume of 35.35 million shares.
Will DELL Continue To Move Higher? Find Out Here
While If we look at the few other stocks at tech sector, Symantec Corporation, MEMC Electronic Materials, Inc. and LSI Corp are remain in the gainers list. Let’s have a quick look on their Market performance.
Symantec Corporation (NASDAQ:SYMC) shares are up +1.52% to $22.10 while the stock is traded within the range of $21.80 – $22.10 in the current trading session. In the last 12 months the shares have traded between $13.06 and $22.26. The current session’s volume of 1.50 million shares is lower than their average daily trading volume of 8.42 million shares.
Why Should Investors Buy SYMC After The Recent Gain? Just Go Here and Find Out
MEMC Electronic Materials, Inc. (NYSE:WFR) shares in the current session moved up +2.88% reaching at $4.28. The stock traded in a range of $4.19 – $4.34. In the last year the stock has moved within a range of $1.44 – $5.95. The current session’s volume of 1.39 million shares is lower from their average daily trading volume of 5.81 million shares.
What was the Moving Force behind WFR On Bullish Run? Read This Research Report
Another rival company LSI Corp (NASDAQ:LSI) trading up +1.56% to $7.15. Intraday trading recorded the stock price in a range of $7.03 to $7.16. In the previous 52 weeks the stock’s price ranged between $5.59 and $9.20. The current session’s volume of 2.67 million shares was lower from their average daily trading volume of 6.85 million shares.
For How Long LSI’s Gloss will Attract Investors? Find out via this report
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