EMC, Dell deal talks; Shake Shack slides; Caesars gains on REIT plan
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Shake Shack
Shake Shack (SHAK) dropped as its pre-IPO investors cash out. The burger chain's major existing shareholders filed for the sale of another 26 million shares. Shares have been slumping in recent months after hitting a peak of above $92 in May. Shake Shack is still about 5% above its debut price when it went public in January.
EMC
EMC (EMC) gained on advanced talks of merging with Dell. The Wall Street Journal reported Dell is discussing a full or partial takeover of EMC. It's also possible no deal will be reached, at all. EMC's future has has been a big question for more than year. Any deal between the two tech heavyweights would be one of the industry's largest mergers.
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Caesars Entertainment
Caesars Entertainment (CZR) rose on a new reorganization plan. The casino giant placed its operating unit under chapter 11 bankruptcy protection in January. Caesars has filed to amend the plan to convert its largest unit into a real estate investment trust.