Shares of EMC Corporation (NYSE: EMC) rose sharply
in trading on Monday after the Hopkinton, Massachusetts-based company announced
its fourth-quarter financial results. The company’s consolidated revenue for
the fourth quarter jumped 14% on a year-over-year basis.
EMC shares rose to an intra-day high of $25.17 on
Tuesday before finishing the day 7.25% higher on above average volume. The rally
has pushed EMC shares above their 50-day and 200-day moving averages.
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