US Stock Market Move | Downgraded by Barclays, Dell Technologies, Inc. Class C Technology (DELL.US) plunged more than 10%.

On Wednesday, Dell Technologies, Inc. Class C (DELL.US) plunged more than 10% intraday, after gaining as much as 360% year-to-date, now trading at $512.27. The market is still digesting the impact of major shareholder Silver Lake filing a Form 144 to sell 48,655 shares, cashing out approximately $27.95 million. Previously, its affiliates also continuously reduced their holdings, persistently sending profit-taking signals to the market. Barclays PLC Sponsored ADR analyst Tim Long downgraded Dell Technologies, Inc. Class C to Hold and lowered the target price from $603 to $574.