Dell Technologies Inc. (DELL) saw its stock price plummet by 5.23% during intraday trading on Thursday, marking a significant downward movement for the technology company.

The decline follows reports of persistent and large-scale share disposals by the company's major shareholders, which has weighed heavily on investor confidence. According to SEC filings, major shareholder Silver Lake Partners and its affiliated entities have conducted a series of substantial share sales throughout June, converting Class B shares to Class C shares and immediately selling them on the market.

These cumulative disposals, involving hundreds of thousands of shares, along with a sale by board member David W. Dorman, have created ongoing headwinds for the stock. The sustained nature of the selling activity from multiple entities within the Silver Lake complex has overshadowed other positive fundamental developments for the company.