November 18, 2023, 11:30 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn) Longer Term Trading Plans for VMW Buy VMW slightly over 149.02 target 163.48 stop loss @ 148.59 Details The technical summary data tells us to buy VMW near 149.02 with an upside target … Read more
Sundry Photography/iStock Editorial via Getty Images China’s delay in approving Broadcom’s (NASDAQ:AVGO) more than $61 billion planned purchase of VMware (NYSE:VMW) appears to be “clearly political.” VMware rose 1.1%, likely amid news that U.S. President Joe Biden will meet with President Xi Jinping of China next week. “It seems 100% due, as much as I … Read more
November 09, 2023, 02:45 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn) Longer Term Trading Plans for VMW NONE. Details There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom (AVGO) CEO Hock Tan believes the delay in the closure of its $69 billion purchase of VMware (NYSE:VMW) is due to bureaucratic reasons, not political issues. VMware (VMW) fell 1.6%, while Broadcom rose 1.3%. “Mr. Tan does believe it’s bureaucratic and not political,” CNBC’s David Faber said on … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom CEO Hock Tan met with Chinese officials over the past weekend as the company tries to win approval for its planned $69 billion acquisition of VMware (NYSE:VMW). The meeting occurred in the U.S. as China’s Foreign Minister Wang Yi was in Washington, DC to meet White House officials … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom’s (NASDAQ:AVGO) planned purchase of VMware (NYSE:VMW) received approval from South Korea. The purchase of VMware (VMW) received approval from South Korea’s Fair Trade Commission, according to a Bloomberg report on Friday, which cited a Broadcom (AVGO) spokesperson. Broadcom (AVGO) reiterated that it expects to close the VMware deal … Read more
Shares of VMware Inc. VMW, -10.14% slumped 10% Thursday following a news report that the Chinese government could block Broadcom Inc.’s AVGO, -0.83% planned $69 billion acquisition of VMware. Chinese regulators are considering whether to delay approval of the megadeal, according to a report in The Financial Times Thursday. Opposition is considered a response to … Read more
Sundry Photography/iStock Editorial via Getty Images VMware (NYSE:VMW) fell 6.8% in premarket trading on a report that China is weighing a delay in approval of Broadcom’s (NASDAQ:AVGO) $69 billion acquisition. China’s State Administration for Market Regulation has not signed off on the delay and is likely to delay approving the VMware (VMW) acquisition, especially after … Read more
Sundry Photography/iStock Editorial via Getty Images VMWare (NYSE:VMW) dropped 11% in premarket trading amid a report about China’s review of the firm’s more than $60 billion sale to Broadcom (NASDAQ:AVGO). Broadcome fell 1.6%. The timing of the China antitrust regulator’s deal approval appears to now depend on the macro environment, according to traders, who cited … Read more
Sundry Photography/iStock Editorial via Getty Images VMWare (NYSE:VMW) dropped 11% in premarket trading amid a report about China’s review of the firm’s more than $60 billion sale to Broadcom (NASDAQ:AVGO). Broadcome fell 1.6%. The timing of the China antitrust regulator’s deal approval appears to now depend on the macro environment, according to traders, who cited … Read more