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SCWX - SecureWorks: Nothing Exciting Happening Here
SecureWorks Corp.
Late last year, a rumor emerged that the remaining outstanding shares of SecureWorks Corp. (SCWX) might be purchased by parent company Dell (DELL). Dell would be purchasing the shares that it doesn't already own, then consolidating SecureWorks with its other operations. This is a 180-degree about-face as Dell was rumored to be considering a sale of SecureWorks about a year ago.
SecureWorks stock spiked to over $17.75 on the buyout rumor but have since drifted back to ~$14.75.
It doesn't appear that Dell is 100% sure of what it is doing