Shares of Intel rose 5.44% to $49.63 at 15:36 EST on Tuesday, following last session’s downward trend. NASDAQ Composite is sliding 0.25% to $12,867.66, after two sequential sessions in a row of gains. This seems, at the moment, a somewhat rough trend exchanging session today.
Intel’s last close was $47.07, 39.61% below its 52-week high of $69.29.
News about Intel today
Intel pushed to explore options by activist investor loeb. According to today’s article on Bloomberg Quint, "Dan Loeb, chief executive officer of Third Point, called for action to improve Intel’s performance and asked the company to hire an adviser to evaluate options, according to a letter the investor wrote to Intel Chairman Omar Ishrak.", "Intel Corp. is being targeted by activist investment firm Third Point LLC, which has amassed a stake and wants the chipmaker to explore strategic alternatives. "
Intel’s sales growth is a negative 13.7% for the present quarter and a decline by 18.8% for the next. The company’s growth estimates for the ongoing 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 $49.63 at 15:36 EST, way below its 52-week high of $69.29 and way above its 52-week low of $43.61.
Intel’s Moving Average
Intel’s worth is higher than its 50-day moving average of $47.90 and under its 200-day moving average of $51.29.