Shares of Intel fell 3.4% to $45.85 at 12:42 EST on Monday, after two sequential sessions in a row of losses. The Nasdaq Stock Market is falling 0.71% to $12,664.50, following yesterday’s downward trend, This seems, at the moment, a somewhat rough trend trading session today.
Intel’s last close was $47.46, 51.12% under its 52-week high of $69.29.
Intel’s sales growth is a negative 13.7% for the ongoing quarter and a decline by 17.6% for the next. The company’s growth estimates for the present quarter and the next is a negative 27.6% and a negative 35.2%, respectively.
Year-on-year quarterly revenue growth declined by 4.5%, now sitting on 78.1B for the twelve trailing months.
Intel’s Stock Yearly Top and Bottom Value
Intel’s stock is valued at $45.85 at 12:42 EST, way under its 52-week high of $69.29 and above its 52-week low of $43.61.
Intel’s Moving Average
Intel’s value is under its 50-day moving average of $47.69 and way below its 200-day moving average of $51.96.
Previous days news about Intel
Intel stock drops after report of Microsoft developing its own chips. According to MarketWatch on Fri Dec 18, "Intel shares closed Friday down 6.3% at $47.46, while shares of Advanced Micro Devices Inc. , which also makes CPUs, closed down 1% at $95.92. ", "Intel Corp. shares closed down Friday following a report that Microsoft Corp. was developing in-house chips for its servers and Surface PCs. "
: Intel stock drops 6% after report of Microsoft developing its own chips. According to MarketWatch on Fri Dec 18, " In November, Apple Inc. , which had been relying on Intel chips until recently, released computers using in-house designed chips.", "Intel shares closed Friday down 6.3% at $47.46, while shares of Advanced Micro Devices Inc. , which also makes CPUs, closed down 1% at $95.92. "
Chip giants Intel and NVIDIA face new threats from Amazon to google. According to The Wall Street Journal on Sun Dec 20, "Chip making has long been ruled by big manufacturers and design houses such as Intel Corp. , Advanced Micro Devices Inc. and graphics-chip maker Nvidia Corp. Now Amazon.com Inc., Microsoft Corp. and Google are getting into the game in the hunt for improved performance and lower costs, shifting the balance of power in the industry and pushing traditional chip makers to respond by building more specialized chips for major customers."