Tech Giants Dell, JPMorgan, and Merck Reach New All-Time Highs
Dell Technologies (NYSE:DELL) has broken through previous resistance levels and touched a fresh all-time high of $514, according to Benzinga Pro data. This milestone comes on the heels of JPMorgan Chase & Co. (NYSE:JPM), which reached an all-time high of $366.50, and Merck & Co. (NYSE:MRK) at $135.68.
The surge in Dell's stock has significantly contributed to Michael Dell's net worth, placing him as the fifth richest person globally. His wealth has increased by a staggering $106 billion year-to-date, with Thursday's trading adding an additional $12.6 billion.
Dell's technical breakout suggests continued upward momentum, with the company's stock trading above its moving averages. The 50-day SMA shows a +17.53% gain, while the 200-day SMA indicates a +116.73% increase.