Today: 5 July 2026
Corning stock drops 11% in post-rally trade as AI fiber hopes hit test
5 July 2026

Corning stock drops 11% in post-rally trade as AI fiber hopes hit test

Corning Incorporated heads into next week with a clearer setup after the U.S. holiday. The question now is if investors are still willing to pay up for an AI-infrastructure story after the stock’s sudden drop. The New York Stock Exchange and Nasdaq were shut Friday, July 3, for Independence Day observed. That left Thursday’s close as the last regular U.S. price until trading restarts Monday. Corning last finished at $196.79, falling $23.84, or 10.81%, with a range from $193.54 to $224.01, according to MarketWatch. The intraday range came to $30.47, or about 15.5% of the close.
Zscaler bounce raises ARR multiple talk heading into holiday week

Zscaler bounce raises ARR multiple talk heading into holiday week

5 July 2026
U.S. stock trading is paused for the July 4 weekend, with Nasdaq marking Friday, July 3, as closed for Independence Day observed. Normally, Nasdaq runs from 9:30 a.m. to 4 p.m. Eastern, Monday to Friday. Zscaler, Inc. finished Thursday at $147.33, gaining 0.6%. Around 2.56 million shares changed hands, less than the 3.69 million shares on July 1 and 3.26 million on June 29, according to StockAnalysis.
Netflix (NASDAQ:NFLX) jumps, adding $14.6B in market cap as Nasdaq edges down ahead of July 4

Netflix (NASDAQ:NFLX) stock’s holiday bounce gives investors clear July watch

U.S. markets stayed shut Friday because of the Independence Day holiday, and headed into the regular weekend after that. Netflix, Inc. picks up Monday still working off the Thursday close, with no new Friday action. Nasdaq marked July 3 as a U.S. market holiday for Independence Day. Netflix shares finished up 4.66% at $77.65 on Thursday, adding a couple of cents to $77.67 in after-hours trading. Volume came in at 55.54 million shares, about 134% of the 65-day average, with the stock moving between $74.91 and $78.44. That’s five straight gains, though the stock is still off 21.3% for the past three months and down 40.1% over the last year.
Strategy stock pops after $1.15 billion share sale shift to cash test

Strategy stock pops after $1.15 billion share sale shift to cash test

Strategy Inc closed at $100.77 on July 2, gaining 7.9% for the day, with U.S. stock trading shut on Friday and no market activity over the weekend. Investors faced a four-day break to work through a week where the stock shifted from a straight Bitcoin play to a test of cash reserves. The comparison is key here since Strategy logged its strongest week in months, but didn’t add any new Bitcoin. The June 29 filing showed 12,669,017 MSTR shares sold in the week through June 28, raising $1.152 billion, with no Bitcoin bought. Holdings stayed at 847,363 Bitcoin bought for $64.10 billion total, or $75,651 each.
Alibaba trades near 52-week low after Kling AI funding update

Alibaba trades near 52-week low after Kling AI funding update

Hong Kong’s stock market doesn’t trade on Sundays and stayed closed last Wednesday for the city’s Special Administrative Region Establishment Day. That gave Alibaba Group Holding Limited four trading sessions for Hong Kong investors last week. HKEX's 2026 calendar still puts the market shut on Saturdays, Sundays and public holidays like July 1. Alibaba’s Hong Kong stock finished Friday at HK$94.10, slipping 0.42% on the day, but up 5.1% from last week’s HK$89.50 close. The shares are still down 49.5% from the 52-week high of HK$186.20, and 6.1% above the 52-week low of HK$88.65 seen on June 26.
Nike stock finds support on tariffs despite flat North America profit

NIKE (NYSE:NKE) volume is key to stock rebound

NIKE, Inc. jumped 8.20% this week to close Thursday at $44.09 after buyers came back for the company’s margin recovery plan, while sales remained soft. The stock is still down 30.80% for 2026 and off 42.28% for the past year, according to MarketWatch data. Volume is the quieter story here. Nike traded about 54 million shares a day from Monday through Thursday, more than twice its typical volume, based on Investing.com. That kind of action argues against calling this just a holiday move. Barron’s pointed to Dow Jones Market Data showing U.S. exchange volume at 8.73 billion shares through midday Thursday, which is a bit above the year’s average.
Nebius Group (NASDAQ:NBIS) stock in focus after Meta Platforms (NASDAQ:META) cloud report and $46 billion contract lineup

Nebius Group (NASDAQ:NBIS) stock in focus after Meta Platforms (NASDAQ:META) cloud report and $46 billion contract lineup

Nebius Group N.V. isn’t trading in the U.S. through the holiday. The Nasdaq’s 2026 schedule has July 3 as a market holiday for Independence Day observed. So Thursday’s close stands as the last regular price until Monday. NBIS closed July 2 at $215.62, off $13.56, or 5.92%. MarketWatch listed after-hours at $215.89. About 24.9 million shares traded on the day, or 140% of the 65-day average. The stock fell 10.27% over the last five days.
Intuitive Machines stock slips after NASA award rally with July 10 short data ahead

Intuitive Machines stock slips after NASA award rally with July 10 short data ahead

Intuitive Machines, Inc. finished the shortened week down, despite picking up a new NASA contract. Trading suggests investors may be watching for short-interest numbers now, not just the backlog. U.S. markets stayed closed Friday for the Independence Day holiday. Nasdaq’s calendar shows July 3, 2026, as a closed date. On regular trading days, the market runs from 9:30 a.m. to 4:00 p.m. ET.
Dow hits new high as Nasdaq chips fall ahead of Fed minutes

Dow sets high while Nasdaq breadth lags, with Fed and earnings ahead

Stocks start the week with little in the way of headlines, but action's still unsettled. The Dow Jones Industrial Average finished at a record before the holiday, but the Nasdaq Composite slipped as chip stocks dropped on the last session. Markets were shut Friday for the Independence Day holiday, with July 4 landing on Saturday. The story isn’t the fresh high. It’s how stocks got there. The Dow climbed as chip names slid, the S&P 500 lost steam and more Nasdaq stocks fell than rose.
Oklo (NYSE:OKLO) heads into the week after DOE approval as $1.65 billion short position looms

Oklo (NYSE:OKLO) heads into the week after DOE approval as $1.65 billion short position looms

Oklo Inc. heads into the next U.S. session with a bit of a standoff. The company landed a true regulatory win, but the stock failed to jump, and shorts are still hanging on to a big reported position. The NYSE didn’t open Friday, July 3, for Independence Day, and Saturday wasn’t a trading session. Thursday’s close was the last regular price. Google Finance listed Oklo at $52.36, down 0.17%, in a $50.69 to $56.34 band. Volume hit 9.68 million shares. Market cap stood at $9.11 billion.
Oracle stock’s $638 billion backlog fails to stop worst selloff in years

Oracle stock’s $638 billion backlog fails to stop worst selloff in years

Oracle Corporation enters the long U.S. holiday weekend with an odd split in its numbers: contracted demand has grown larger than the company’s market value, while the stock has kept falling. U.S. equity markets were closed Friday, July 3, for Independence Day observed, with normal NYSE and Nasdaq hours listed as 9:30 a.m. to 4:00 p.m. ET on regular trading days. Oracle’s last regular-session print was Thursday’s $140.27 close, down 1.56%, after touching an intraday low of $138.83. Volume was 44.27 million shares, about 56% above Google Finance’s listed average volume of 28.37 million.

SpaceX stock feels index pressure with valuation estimates spread from $63 to $310

SpaceX stock feels index pressure with valuation estimates spread from $63 to $310

Space Exploration Technologies Corp. is showing how price can disconnect from sales as index flows and options activity hit the name harder than anything models are tracking. The shares last traded at $162.00, still up from the $135 IPO level, but well off the $225.64 high just after its June debut. Nasdaq Inc. said SpaceX raised $85.7 billion including the underwriters’ overallotment, putting its market value at $2.1 trillion on day one. The shares opened at $150 and closed at $160.95, up 19.2% from the IPO price, according to Nasdaq.
Meta’s AI cloud plan puts $62 billion supplier wager in play

Meta’s AI cloud plan puts $62 billion supplier wager in play

Meta Platforms has not confirmed a commercial cloud product. The investor question is already measurable: after $19.84 billion of first-quarter capital expenditures, Meta would need to spend $105.2 billion to $125.2 billion over the final nine months of 2026 to hit its own $125 billion to $145 billion full-year guide. That implies $35.1 billion to $41.7 billion a quarter, or 77%-110% above the first-quarter pace. Reuters, citing Bloomberg News, reported that Meta is building a cloud business to sell excess AI computing capacity and may offer access to hosted models, including Muse Spark, as well as raw compute. The plans are still in development and could change. Meta declined to comment to Reuters.
Joby Aviation slips after Toyota JV filing points to modest launch, possible $250 million add-on

Joby Aviation (NYSE:JOBY) drops after Toyota boost fades, JV terms in focus

Joby Aviation closed out the week on a softer note than Toyota’s news signaled. The NYSE was shut Friday, July 3, for the observed Independence Day holiday, so $8.49 on Thursday was the last trade before the break. Joby shares dropped 3.9% from the $8.83 close last Friday, despite news of the manufacturing JV with Toyota Motor Corp. Trading picked up: 207.7 million shares moved in four sessions, or about 51.9 million a day, above the 37.42 million daily average on Google Finance.
Ondas Inc. (NASDAQ:ONDS) heads into shortened week after 315 million shares trade

Ondas Inc. (NASDAQ:ONDS) heads into shortened week after 315 million shares trade

Ondas Inc. heads into the U.S. holiday break after a busy session that finished lower. Thursday’s $7.41 close stands as the last regular-session price before Nasdaq shuts down July 3 for Independence Day observed and trading resumes next week. The key stat isn’t just Thursday’s 6.44% drop. It’s the churn: Ondas saw 315.5 million shares traded from Monday to Thursday, about 60% of its 523.16 million shares outstanding, according to Google Finance. That kind of turnover doesn’t mean every share changed hands, but it does show a lot moved as the stock stalled under $8.50.

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Novo Nordisk (CPH:NOVO-B) rises, but volume stays light ahead of August results

Novo Nordisk (CPH:NOVO-B) rises, but volume stays light ahead of August results

Novo Nordisk A/S finished the week with a smaller rally than the rest of the Danish market. B shares closed Friday at DKK 326.90, dropping 1.54% on the day but still up 2.8% for the week. The OMX Copenhagen 25 gained 5.5% in the same period, so the stock lagged the benchmark by about 2.6 percentage points. Novo’s Friday volume hit 2.58 million shares, or 45% of its 65-day average, according to MarketWatch. For the week, turnover was 19.23 million shares, down from 25.66 million a week earlier. Investing.com reported the OMXC25 at 1,899.12 on Friday, up from 1,800.88 the previous week. This matters since Novo got a real bounce, but volume stayed light. Buyers pushed the stock up into
Corning stock drops 11% in post-rally trade as AI fiber hopes hit test

Corning stock drops 11% in post-rally trade as AI fiber hopes hit test

Corning Incorporated heads into next week with a clearer setup after the U.S. holiday. The question now is if investors are still willing to pay up for an AI-infrastructure story after the stock’s sudden drop. The New York Stock Exchange and Nasdaq were shut Friday, July 3, for Independence Day observed. That left Thursday’s close as the last regular U.S. price until trading restarts Monday. Corning last finished at $196.79, falling $23.84, or 10.81%, with a range from $193.54 to $224.01, according to MarketWatch. The intraday range came to $30.47, or about 15.5% of the close.
Zscaler bounce raises ARR multiple talk heading into holiday week

Zscaler bounce raises ARR multiple talk heading into holiday week

U.S. stock trading is paused for the July 4 weekend, with Nasdaq marking Friday, July 3, as closed for Independence Day observed. Normally, Nasdaq runs from 9:30 a.m. to 4 p.m. Eastern, Monday to Friday. Zscaler, Inc. finished Thursday at $147.33, gaining 0.6%. Around 2.56 million shares changed hands, less than the 3.69 million shares on July 1 and 3.26 million on June 29, according to StockAnalysis.
Palo Alto Networks (NASDAQ:PANW) could see staged Israel index move after 14% weekly gain

Palo Alto Networks (NASDAQ:PANW) could see staged Israel index move after 14% weekly gain

U.S. markets stayed closed Friday for Independence Day and are closed Saturday. Palo Alto Networks, Inc. is off the main tape until Monday. The stock finished the short week close to its 52-week high, while a separate index move in Tel Aviv gave a set date for new benchmark buying. Palo Alto won’t just land on another U.S. analyst list. CTech said July 2 the company will be fast-tracked into the Tel Aviv Stock Exchange’s TA-35 and TA-125 indices after the quarterly rebalancing set for Aug. 6, with a 5% weight cap in both. Without the foreign-stock restriction, Palo Alto could have hit a 7% cap in TA-125, according to CTech.
Rezolve AI (NASDAQ:RZLV) sets $300M buyback as shares swing in holiday week

Rezolve AI (NASDAQ:RZLV) sets $300M buyback as shares swing in holiday week

Rezolve AI PLC heads into this week with a fresh $300 million buyback approval, but so far there’s no sign of actual repurchases hitting the tape. Shareholders cleared the buyback plan on June 30. In the four sessions ended July 2, the stock traded 115.4 million shares—turnover of about $347.8 million at closing prices, per company data and LSEG. The mandate turns into a liquidity question. With shares finishing Thursday at $2.84, $300 million lines up to nearly 105.6 million shares—almost matching all the trading volume reported for the week. That’s around 86% of what the week’s dollar volume is thought to be. Rezolve isn’t saying it will buy all those shares, or that it will happen any time soon.
Boeing (BA) surges in holiday week as stock packs in 2026 run ahead of Q2

Boeing (BA) surges in holiday week as stock packs in 2026 run ahead of Q2

Boeing heads into the July 4 break with nearly all of its 2026 gains squeezed into one shortened week. The NYSE will observe Independence Day in 2026 on Friday, July 3, so Boeing’s last regular close came Thursday at $226.49, up $7.91, or 3.62%. The shift is notable since this wasn’t a gradual move. MarketWatch numbers put Boeing up 4.25% for the last five days, almost matching its 4.32% gain since the start of the year. Strip out Thursday’s pop and the rest of the five-day gain is just about 0.6%, using those same returns.
NuScale stock falls 3.4% in holiday week as $1 billion cash pile masks thin revenue

NuScale stock falls 3.4% in holiday week as $1 billion cash pile masks thin revenue

NuScale Power Corporation goes into the July 6 session with a less tidy story than the nuclear-stock theme suggests. The stock fell in a four-session week, but the bigger point is the gap between price, revenue and cash. NuScale closed Thursday at $9.76. That put the shares only about 10% above their 52-week low of $8.85 and about 83% below the 52-week high of $57.42. Short interest was 69.5 million shares, equal to 20.72% of the float, and up 14.32% in the latest Barron’s data.
Palantir (NASDAQ:PLTR) stock trades at 43 times sales as holiday week begins

Palantir (NASDAQ:PLTR) stock trades at 43 times sales as holiday week begins

Palantir Technologies Inc. heads into the July 4 break with U.S. trading closed, leaving the question for next week: what are investors willing to pay for a software firm trading at almost 43 times its 2026 revenue forecast? Nasdaq says its markets are closed for the Independence Day holiday observed on July 3. Normal trading runs 9:30 a.m. to 4:00 p.m. ET, Monday to Friday. The next cash session starts Monday, July 6.
Lilly (NYSE:LLY) closes holiday week near record as XLV outpaces

Lilly (NYSE:LLY) closes holiday week near record as XLV outpaces

Eli Lilly and Company heads into the holiday-shortened week trading near its all-time highs. Last week, though, the more notable move wasn’t Lilly’s climb. Most of the buying in healthcare came from stocks outside of Lilly, even while it stayed the sector’s largest name. The New York Stock Exchange will mark July 3, a Friday, for its 2026 Independence Day holiday. On trading days, its core hours are 9:30 a.m. to 4 p.m. Eastern. So Thursday’s session will be the last full day for U.S. equities before markets reopen Monday.
Intuit stock rebounds but Wall Street targets stay much higher than battered price

Intuit stock rebounds but Wall Street targets stay much higher than battered price

Intuit Inc. bounced 5.5% in the last two sessions of the U.S. holiday-shortened week. The gain didn’t do much to narrow the spread under the shares, with analysts’ targets still calling for a big rally while the stock sits not far from the Street’s bear case scenario. U.S. stock markets were closed Friday, July 3, for the Independence Day holiday. Nasdaq trading resumes Monday, July 6. Regular hours are 9:30 a.m. to 4 p.m. ET, according to Nasdaq.
Netflix (NASDAQ:NFLX) jumps, adding $14.6B in market cap as Nasdaq edges down ahead of July 4

Netflix (NASDAQ:NFLX) stock’s holiday bounce gives investors clear July watch

U.S. markets stayed shut Friday because of the Independence Day holiday, and headed into the regular weekend after that. Netflix, Inc. picks up Monday still working off the Thursday close, with no new Friday action. Nasdaq marked July 3 as a U.S. market holiday for Independence Day. Netflix shares finished up 4.66% at $77.65 on Thursday, adding a couple of cents to $77.67 in after-hours trading. Volume came in at 55.54 million shares, about 134% of the 65-day average, with the stock moving between $74.91 and $78.44. That’s five straight gains, though the stock is still off 21.3% for the past three months and down 40.1% over the last year.
AST SpaceMobile nears Wall Street target after 19% jump in shortened holiday week

AST SpaceMobile nears Wall Street target after 19% jump in shortened holiday week

AST SpaceMobile, Inc. finished the shortened U.S. trading week up 19.15% at $85.13. The move came after Reuters said Japan plans to give up to 148 billion yen, or $912 million, to Rakuten Group for a satellite communications network. Rakuten is reportedly in talks with AST SpaceMobile to set up a joint venture for that project. No regular U.S. stock trading happened Friday. NYSE and Nasdaq both show July 3, 2026, as a market holiday for Independence Day.
Constellation Energy (NASDAQ:CEG) drops as June buyback, Calpine lock-up eyed

Constellation Energy (NASDAQ:CEG) drops as June buyback, Calpine lock-up eyed

U.S. exchanges were closed Friday for the July 4 holiday, so trading in Constellation Energy Corporation wrapped up Thursday. The week didn't look like a typical utilities move. CEG dropped 9.4% from last Friday’s close. In the same stretch, State Street SPDR S&P 500 ETF Trust gained 2.2%, while Utilities Select Sector SPDR Fund lost 1.0%. Constellation ended Wednesday at $239.25, up 1.16% for the session. Still, shares traded close to Monday's intraday low at $228.63, which also marked the 52-week low. Trading volume reached 8.69 million shares, more than twice the 65-day average, according to WSJ market data.
Strategy stock pops after $1.15 billion share sale shift to cash test

Strategy stock pops after $1.15 billion share sale shift to cash test

Strategy Inc closed at $100.77 on July 2, gaining 7.9% for the day, with U.S. stock trading shut on Friday and no market activity over the weekend. Investors faced a four-day break to work through a week where the stock shifted from a straight Bitcoin play to a test of cash reserves. The comparison is key here since Strategy logged its strongest week in months, but didn’t add any new Bitcoin. The June 29 filing showed 12,669,017 MSTR shares sold in the week through June 28, raising $1.152 billion, with no Bitcoin bought. Holdings stayed at 847,363 Bitcoin bought for $64.10 billion total, or $75,651 each.
Circle stock slips on short holiday week, traders flag reserve-yield risk signals

Circle stock slips on short holiday week, traders flag reserve-yield risk signals

Circle Internet Group comes into Monday with the stock down sharply, even as USDC supply holds up. Shares finished at $64.62 on July 2, rising 4.31% for the day, but are off 12.2% from $73.57 at the close the previous Friday. U.S. markets were closed on July 3 for the Independence Day holiday, per the NYSE. Volume tells more of the story. Circle moved 38.13 million shares on June 30, when the stock dropped 17.55%. Over the four-session week, total volume hit 89.72 million. That means nearly half—42.5%—traded on that one selloff. The July 2 bounce clawed back just $1.99 from a $13.33 plunge on June 30.
SPDR Portfolio S&P 500 ETF (SPYM) assets up as it joins Trump Accounts debut

SPDR Portfolio S&P 500 ETF (SPYM) assets up as it joins Trump Accounts debut

State Street’s cheap S&P 500 ETF could see new flows as a government program makes it the default pick. Parents using the savings plan will have their money parked in the State Street fund unless they actively choose a different provider. State Street’s SPDR Portfolio S&P 500 ETF, which carried the SPLG ticker until its switch set for Oct. 31, 2025, closed the short week at $87.67. U.S. markets were closed Friday for the Independence Day holiday and did not open on Saturday.
Alibaba trades near 52-week low after Kling AI funding update

Alibaba trades near 52-week low after Kling AI funding update

Hong Kong’s stock market doesn’t trade on Sundays and stayed closed last Wednesday for the city’s Special Administrative Region Establishment Day. That gave Alibaba Group Holding Limited four trading sessions for Hong Kong investors last week. HKEX's 2026 calendar still puts the market shut on Saturdays, Sundays and public holidays like July 1. Alibaba’s Hong Kong stock finished Friday at HK$94.10, slipping 0.42% on the day, but up 5.1% from last week’s HK$89.50 close. The shares are still down 49.5% from the 52-week high of HK$186.20, and 6.1% above the 52-week low of HK$88.65 seen on June 26.
BigBear.ai (NYSE:BBAI) steady after Russell bump as cap overhang resurfaces

BigBear.ai (NYSE:BBAI) steady after Russell bump as cap overhang resurfaces

BigBear.ai Holdings, Inc. edged up 1.4% between the June 26 close and July 2, coming out of the quiet holiday stretch with a move that stands out for a stock just cut from the Russell Microcap Index after the latest FTSE Russell rebalance. BBAI finished the July 2 session at $3.53, down 3.02% on volume of 24.13 million shares. U.S. stock markets were closed July 3 for Independence Day observed, making July 2 the last equity trading day of the week. BBAI held up after the forced-flow date, but that doesn’t mean the stock is strong. Now the trade is less about index moves and more about whether there’s enough real demand, what the volume looks like, and if dilution
Nike stock finds support on tariffs despite flat North America profit

NIKE (NYSE:NKE) volume is key to stock rebound

NIKE, Inc. jumped 8.20% this week to close Thursday at $44.09 after buyers came back for the company’s margin recovery plan, while sales remained soft. The stock is still down 30.80% for 2026 and off 42.28% for the past year, according to MarketWatch data. Volume is the quieter story here. Nike traded about 54 million shares a day from Monday through Thursday, more than twice its typical volume, based on Investing.com. That kind of action argues against calling this just a holiday move. Barron’s pointed to Dow Jones Market Data showing U.S. exchange volume at 8.73 billion shares through midday Thursday, which is a bit above the year’s average.
Bitmine (BMNR) trails crypto assets after joining Russell 1000

Bitmine (BMNR) trails crypto assets after joining Russell 1000

Bitmine Immersion Technologies, Inc. heads into the new week with a simpler test than what happened with Thursday’s price action: will demand from the Russell 1000 index trim the gap between the stock and its reported crypto holdings? BMNR shares last traded Thursday, since the New York Stock Exchange marked Friday, July 3 as the Independence Day holiday. The stock finished at $14.36, gaining 1.48%. Shares moved between $14.24 and $15.25. Bitmine’s market cap is $8.18 billion, according to Investing.com.
Nebius Group (NASDAQ:NBIS) stock in focus after Meta Platforms (NASDAQ:META) cloud report and $46 billion contract lineup

Nebius Group (NASDAQ:NBIS) stock in focus after Meta Platforms (NASDAQ:META) cloud report and $46 billion contract lineup

Nebius Group N.V. isn’t trading in the U.S. through the holiday. The Nasdaq’s 2026 schedule has July 3 as a market holiday for Independence Day observed. So Thursday’s close stands as the last regular price until Monday. NBIS closed July 2 at $215.62, off $13.56, or 5.92%. MarketWatch listed after-hours at $215.89. About 24.9 million shares traded on the day, or 140% of the 65-day average. The stock fell 10.27% over the last five days.
Arm Holdings plc (NASDAQ:ARM) stock: light-volume 6.6% drop leaves AI chip bet at 67 times sales

Arm Holdings plc (NASDAQ:ARM) stock: light-volume 6.6% drop leaves AI chip bet at 67 times sales

Arm Holdings plc went into the long U.S. weekend with a sharp drop that looked heavier than the tape behind it. The shares fell 6.58% on Thursday to $315.28, the last regular session before Nasdaq shut on Friday for Independence Day observed. The less-watched number was the range. Arm traded from $358.49 to $309.74 on Thursday, a $48.75 band equal to about 15.5% of the close. Volume was 7.58 million shares, against a 65-day average of 10.92 million. That made the fall a thin pre-holiday warning, not a high-volume washout.
Dell (NYSE:DELL) faces $7.7B Texas test after recent drop

Dell (NYSE:DELL) faces $7.7B Texas test after recent drop

Dell Technologies Inc didn’t just offer an AI chart this holiday week. Shares dropped just 1.3% from last Friday’s close, but trading was volatile. The stock hit $438.52 Wednesday, then fell to $386.01 Thursday, finally closing at $394.32 before U.S. markets closed for Independence Day. The detail comes from a filing, not the tape. Dell said its redomestication from Delaware to Texas took effect July 1 at 12:01 a.m. Central. The company also disclosed that under Texas rules, no shareholder or group can file or run a derivative suit on Dell’s behalf against a director or officer unless they own at least 3% of total outstanding shares.
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