On January 13, VMware stock fell 6.8 percent while the S&P 500 rose 0.2 percent. The stock was down $ 9.71 from its previous closing price of $ 142.91 on a volume of 6,979,598 shares. Over the past three months, the S&P 500 is up 9.2 percent while VMware stock is down 13 percent. Should investors buy or sell VMware or VMW stock at this price?

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On January 13, VMware shares fell sharply after it was reported that Intel CEO Bob Swan was replaced by VMware CEO Pat Gelsinger. However, Gelsinger will continue to serve on VMware’s board of directors. The company’s CFO, Zane Rowe, will serve as interim CEO. Gelsinger’s departure could hinder Dell’s plans to spin off VMware. Dell has an 81 percent stake in VMware. A transaction would take place no earlier than September 2021 for a tax-free business.

Source: VMware Media Kit

Pat Gelsinger, CEO of VMware

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