Dell CEO Michael Dell sold 10 million shares of Class C Common Stock at over $120 per share, totaling over $1.2 billion, according to a recent U.S. SEC filing. The sale follows Dell Technologies' inclusion in the S&P 500 Index and Michael Dell's recent comments on the rapid adoption of generative AI. Dell has also shown interest in Bitcoin. In August, Jim Cramer suggested buying Dell’s stock, citing the company’s strong relationship with NVIDIA. In September, Dell Technologies received new bullish analyst coverage, reflecting positive sentiment.
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00:00It's Benzinga, and here's what's on the block.
00:03Dell CEO Michael Dell sold 10 million shares of Class C common stock at over $120 per share,
00:09totaling over $1.2 billion, according to a recent US SEC filing.
00:14The sale follows Dell Technologies' inclusion in the S&P 500 index and Michael Dell's recent
00:20comments on the rapid adoption of generative AI.
00:23Dell has also shown interest in Bitcoin.
00:25In August, Jim Cramer suggested buying Dell's stock, citing the company's strong relationship
00:30with NVIDIA.
00:31In September, Dell Technologies received new bullish analyst coverage reflecting positive
00:36sentiment.
00:37For all things money, visit Benzinga.com.