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Dell, VMware Shares Surge Following Report of Possible Spinoff

Shares of Dell rose late Tuesday on a report of a possible major restructuring of its business. The restructuring could include a spinoff of its stake in VMware, according to the WSJ. Dell shares were up 18% in after hours trading after closing at $49.01 per share on Tuesday, and VMware's stock rose 8.4% after hours after ending Tuesday's session at $149.23. Read More...

Shares of Dell rose late Tuesday on a report of a possible major restructuring of its business. The restructuring could include a spinoff of its stake in VMware, according to the WSJ. Dell shares were up 18% in after hours trading after closing at $49.01 per share on Tuesday, and VMware’s stock rose 8.4% after hours after ending Tuesday’s session at $149.23.

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