Home Options Shares of VMware Boosted on CNBC Positive Commentary

0 104

Shares of VMware (VMW) received an unexpected positive mention by CNBC on Monday, helping shares to rally for the session. VMW has been the subject of mostly negative commentary from the financial press over the last few weeks due to the potential of a merger between the company and Dell. Morgan Stanley was reported by Business Insider as saying that such a merger would be a “worst case scenario” for VMW shareholders, and Barclays was also quoted as saying the potential merger was an “obvious negative” for VMW shareholders. Nevertheless, upon the positive mention by CNBC VMW shares rallied, only to retreat and then rebound later. VMW shares closed up +1.77% at 128.66. Keep an eye on the stock for further developments.


Leave a Reply