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Dell Technologies tumbles 11% on Barclays downgrade, tech slide

Barclays downgrade and tech slide drove Dell Technologies down 11%.

Context

What happened: Dell Technologies (DELL) fell more than 11% on Wednesday after Barclays downgraded the PC and server maker to Equal Weight from Overweight. Key numbers: Shares ended at $507.93, down $64.54 on the day. Why it matters: The downgrade from Overweight to Equal Weight accompanied a broader decline in the technology sector.

What changed

Dell Technologies (DELL) fell more than 11% on Wednesday after Barclays downgraded the PC and server maker to Equal Weight from Overweight.

Why it matters

The downgrade from Overweight to Equal Weight accompanied a broader decline in the technology sector.

Sources

seekingalpha