Dell Technologies Are Trading Lower: What's Going On

Dell Technologies Inc. DELL  shares are trading lower on Tuesday. The company announced a significant reorganization within its sales teams, including job cuts and a new focus on artificial intelligence (AI) products and services.

What To Know: According to Bloomberg, Dell executives Bill Scannell and John Byrne communicated to employees that the company is “getting leaner” by streamlining management layers and shifting investment priorities. This restructuring includes forming a new team dedicated to AI, reflecting Dell’s strategic emphasis on emerging technologies.

Options Trading Activity: Market sentiment towards Dell Technologies is currently mixed but leans bullish among deep-pocketed investors. The sentiment among these investors is divided, with 53% bullish and 21% bearish. Notably, 14 put options worth $929,342 and 18 call options worth $2,567,068 were identified.

These options trades suggest that investors are eyeing a price range of $80.0 to $150.0 for Dell Technologies over the next three months.

Market Status and Performance: Dell Technologies’ current market position shows a volume of 6,048,314. The next earnings release is expected in 23 days, with expected EPS of $1.68 and expected revenue of 24.129 billion.

Dell Price Action: Dell Technologies shares fell 3.90%, trading at $94.35 according to Benzinga Pro.

See Also:

• Wall Street Rebounds After Selloff, VIX Falls, Dollar Surges Against Yen: What’s Driving Markets Tuesday?

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