Pivotal Software stock slips as lockup expires [MarketWatch]
PIVOTAL SOFTWARE INC (PVTL)
Last pivotal software inc earnings: 9/4 04:11 pm
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Source: MarketWatch
Pivotal Software stock slips as lockup expires Shares of Pivotal Software Inc. [s; pvtl] are down 6.8% in Wednesday morning trading as a post-IPO share lockup expired. Pivotal said in its April 18 S-1 filing that 37,822,120 restricted shares would be eligible for sale 180 days after the initial public offering. The lockup prohibited insiders from selling shares during the 180-day window. Pivotal shares are up 25% from their IPO price of $15 after Wednesday's drop. The stock is down 27% over the past three months, while the S&P 500 SPX, -0.49% has fallen 0.3%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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