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do you agree with the answer why or why not explain The public company I chose to look up is Dell Technologies (DELL). As of
do you agree with the answer why or why not explain
The public company I chose to look up is Dell Technologies (DELL). As of right this minute they are on a downward
trend. Yesterday, August 25th they were at 47.96 and by today they are down to 41.43. I do not follow the stock market
that much but I do know it constantly changes. I was curious what caused it to drop last night so I continued looking
on the yahoo finance page and found an article that says their stock dropped after computer maker warns of a
weakening demand. I can only assume that because of the lock down the past couple years, a lot of people stayed
home. All of the gamers that are out there started building their computers and with that they need parts. Now most
people have achieved their computer goals and aren't buying as much products as they were during the lock down. I
had to look at the trends for the past 5 years so I could get a better guess about their financial health and I was not
surprised by what I found. I think that they are facing a drop right now because everyone got scared of their
announcement but when I looked at the past 5 years they are doing way better than before covid. They were only
going for 16.47 at the start of the lockdown so they have more than doubled where they were 2 years ago.
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