Dell (DELL) rises 3.8% to $562.52 on Friday, outperforming the market's relief rally
What happened
Shares of Dell Technologies rose 3.84% to close at $562.52 on Friday, on what proved to be an all-around favorable trading session, with the S&P 500 rising 0.73% and the Nasdaq popping 1.2% after the weak September jobs report reduced October Fed-hike odds to ~23%. This was Dell's second consecutive day of gains. The stock closed 5.54% below its 52-week high of $595.51, reached on September 18th. Trading volume was light at ~5.4M shares, about 2.5M below the 50-day average. MarketBeat's recap attributed the move to continued momentum from the JERA/RHAELM Japan AI data-center partnership announced Thursday and the fiscal 2027 guidance raise, plus reported insider selling noted as a potential overhang.
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Start your free 14-day trialWho’s affected
- Dell (DELL) — direct beneficiary; the 3.8% Friday gain outpaced the S&P 500's 0.7%, continuing the momentum from the guidance raise and Japan AI campus news.