Shares of Intel dropped 8.73% to $57.01 at 11:40 EST on Friday, after three sequential sessions in a row of gains. NASDAQ Composite is dropping 0.17% to $13,508.12, after three consecutive sessions in a row of gains. This seems, so far, a somewhat rough trend trading session today.
Intel’s last close was $62.46, 21.54% below its 52-week high of $69.29.
News about Intel today
Intel to stay mostly inside. According to today’s article on The Wall Street Journal, "The leadership change also prevented Intel from giving a forecast for the new year, which it typically has in its fourth-quarter report. ", "He said he was confident that the majority of Intel’s 2023 products would be made internally, though also that it was likely that Intel would expand its use of outside manufacturing "for certain technologies and products."
TSMC can breathe easy. Intel will keep making chips. According to today’s article on Bloomberg Quint, "Incoming Intel chiefPat Gelsinger quickly put to rest any notion that itmay follow the route taken bycontemporaries, including Advanced Micro Devices Inc., by ditching production altogether to save the cost of building and running factories. ", "On the surface, you’d think that adding more Intel to its production manifest would be a boon for the Taiwanese company. "
Intel drops 4% after a reported hacking forced the chipmaker to release its 4th-quarter earnings early. According to today’s article on Business Insider, "Shares in Intel fell as much as 4% in pre-market trading Friday, after the company said its corporate website was hacked, pushing the chipmaker to release its fourth-quarter earnings earlier than planned."
Ibm, Intel stock selloffs slash more than 100 points off the dow. According to today’s article on MarketWatch, "The combined negative effect on the Dow of IBM and Intel stock price declines was 113 points, while the Dow fell 207 points, or 0.7%."
Intel’s sales growth is a negative 18.8% for the present quarter and a decline by 14.3% for the next. The company’s growth estimates for the current quarter and the next is a negative 35.9% and a negative 13.8%, respectively.
Year-on-year quarterly revenue growth declined by 1.1%, now sitting on 77.87B for the twelve trailing months.
Intel’s last day, last week, and last month’s average volatility was 6.46%, 1.90%, and 1.34%, respectively.
Intel’s last day, last week, and last month’s high and low average amplitude percentage was 9.84%, 4.34%, and 3.46%, respectively.
Intel’s Stock Yearly Top and Bottom Value
Intel’s stock is valued at $57.01 at 11:40 EST, way under its 52-week high of $69.29 and way higher than its 52-week low of $43.61.
Intel’s Moving Average
Intel’s worth is way above its 50-day moving average of $51.47 and way higher than its 200-day moving average of $50.70.
Previous days news about Intel
Intel chairman gets medtronic backing for $750 million SPAC IPO. According to Bloomberg Quint on Wednesday, 20 January, "Compute Health Acquisition Corp., a blank-check company set up by Intel Corp. Chairman Omar Ishrak, filed for a $750 million initial public offering to raise funds for dealmaking in the health technology sector."
Intel outsourcing clues mount ahead of earnings under new CEO. According to Bloomberg Quint on Thursday, 21 January, "Analysts expect Intel revenue fell 13% in the fourth quarter to $17.5 billion and they see sales declining 18% year-over-year to $16.18 billion in the current period. ", "If Intel were outsourcing more, it would need fewer ASML machines, while TSMC and Samsung would need more gear to handle the extra work."
Intel to cap off difficult year ahead of new chief. According to The Wall Street Journal on Thursday, 21 January, "And while Intel has benefited from a boom in demand for PCs in the work-from-home economy, much of the added buying has focused on lower-cost laptops that aren’t as profitable. ", "Bob Swan, the company’s departing chief executive, said last year that a decision was forthcoming by early this year on whether to have the company’s advanced chips made by a third party after Intel fell behind Asian rivals in the development of the next generation of superfast semiconductors."
Intel stock rallies 7% as earnings results released early. According to MarketWatch on Thursday, 21 January, "Last week, Intel announced that – which counts Intel as a component – is up 7%, the S&P 500 index is up 16%, the tech-heavy Nasdaq Composite Index is up 44%, and the PHLX Semiconductor Index is up 64%.", "Demand for the computing performance Intel delivers remains very strong and our focus on growth opportunities is paying off," said Bob Swan, Intel’s outgoing chief executive, in a statement."
Intel gives upbeat forecast on demand for PC chips; shares jump. According to Bloomberg Quint on Thursday, 21 January, "Read more: Intel Goes Back to Roots With Gelsinger to Regain Chip LeadSwan was due to announce a plan on Thursday to outsource more manufacturing to other companies or try to reclaim Intel’s leadership in production technology. ", "While Intel is currently benefiting from strong PC demand, Gelsinger is taking the reins of a company in the midst of its worst crisis in at least a decade. "