Michael Dell sells $1.2bn of shares amid strong market gains

Oct. 1, 2024 - Nairametrics

These transactions come at a time of notable market performance for Dell Technologies, whose stock has surged 55% this year. Investor enthusiasm for AI has helped push Dell Technologies back into the S&P 500, an index it rejoined just last week after being absent for a decade.

Dell remains a major stakeholder in his namesake company, holding about half of Dell Technologies’ shares, including shares held in a trust by his wife. Despite the company’s robust market performance, Dell Technologies has not been immune to broader industry challenges.

FT View: Michael Dell’s recent stock sales come at a time of significant strength for Dell Technologies, highlighting the company’s strong position in the growing AI market...