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Dell shares rise on plans to spin off top-performing VMware unit

By Reuters Staff 2 Min Read April 15 (Reuters) - Shares of Dell rose nearly 8% in premarket on Thursday, a day after the PC maker said it would spin off its majority stake in cloud computing software maker VMware, which would trim down its business and make the firm nimbler. The spinoff of its 81% stake in VMware, first proposed in a filing last July, would also help Dell lower its long-term debt of $41.62 billion, much of which was taken on during its 2016 acquisition of data management firm EMC. Wall street analysts saw benefits in the spinoff, but some also raised long-term concerns about company’s core business.

Why Shares of FuelCell Energy Plummeted 15% in March

Author Bio A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236 What happened Skyrocketing 86% in January, shares of FuelCell Energy (NASDAQ:FCEL) have subsequently come down to earth over the past two months. In February, FuelCell Energy s stock dropped 18%, and it slid even more, about 15%, in March, according to data provided by S&P Global Market Intelligence. Besides the company s disappointing first-quarter 2021 earnings report, a Wall Street analyst s bearish take on the stock moved investors to pare their positions. Image source: Getty Images.

Why Nikola Stock Sank 23 3% in March

Author Bio What happened Shares of Nikola (NASDAQ:NKLA) dipped 23.3% in March, according to data from S&P Global Market Intelligence. The electric vehicle (EV) stock slumped amid mixed coverage from analysts and sell-offs for the broader EV space.  Many growth-dependent technology companies suffered steep valuation pullbacks last month, and Nikola s sell-off pushed its stock into negative territory on the year. Its share price may also have been negatively impacted by the company announcing that it had filed for a $100 million new stock offering on March 15.  Nikola s Tre semi-truck. Image source: Nikola. So what J.P. Morgan analyst Paul Coster published a note on Nikola stock on March 5, downgrading the firm s rating on the stock from overweight to neutral, and lowering his one-year price target on the stock from $33 per share to $30 per share. However, other analysts were more bullish on the stock last month. 

The Ratings Game: Nikola downgraded at J P Morgan for tactical reasons, including timing and valuation

The Ratings Game: Nikola downgraded at J P Morgan for tactical reasons, including timing and valuation
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