Shares of Intel jumped 7.95% to $57.47 at 13:38 EST on Wednesday, following last session’s upward trend. NASDAQ Composite is jumping 0.61% to $13,152.03, following last session’s upward trend, This seems, at the moment, a somewhat positive trend trading session today.
Intel’s last close was $53.24, 20.57% below its 52-week high of $69.29.
News about Intel today
Intel CEO bob swan is replaced by vmware’s pat gelsinger. According to today’s article on Bloomberg Quint, "Santa Clara, California-based Intel is scheduled to hold a board meeting on Wednesday."
Intel ousts chief executive bob swan. According to today’s article on The Wall Street Journal, "Mr. Gelsinger rejoins Intel where he was once the technology chief after serving as CEO of the business-software provider since 2012.", "Third Point Chief Executive Daniel Loeb in a December letter to Intel Chairman Omar Ishrak said the company’s woes could threaten the U.S. tech industry and urged the chip maker to consider alternatives, including selling some of its acquisitions and splitting its design and manufacturing operations-a move that would end Intel’s long-held status as America’s leading integrated semiconductor maker."
Intel is replacing CEO bob swan with vmware CEO pat gelsinger. According to today’s article on Business Insider, "Krzanich resigned after the company’s board discovered an affair between him and an Intel employee that began before he resumed his role as CEO and ended in 2013, according to the Wall Street Journal.", "After careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel," Omar Ishrak, independent chairman of the Intel board, said in the press release."
Intel’s sales growth is a negative 13.7% for the ongoing quarter and a decline by 18.9% for the next. The company’s growth estimates for the current 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 last day, last week, and last month’s average volatility was 3.30%, 1.03%, and 0.27%, respectively.
Intel’s last day, last week, and last month’s high and low average amplitude percentage was 4.42%, 3.07%, and 3.01%, respectively.
Intel’s Stock Yearly Top and Bottom Value
Intel’s stock is valued at $57.47 at 13:38 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 $49.54 and way higher than its 200-day moving average of $50.59.
Previous days news about Intel
Samsung surges after Intel is said to consider chip outsourcing. According to Bloomberg Quint on Monday, 11 January, "That timeline suggests other customers could move to better TSMC production before Intel would.", "We have another great lineup of products in 2022, and I’m increasingly confident in the leadership our 2023 products will deliver on either Intel 7-nanometer or external foundry processes, or a combination of both," Swan said on a conference call in October. "
Intel says 10-nanometer server chips coming in first quarter. According to Bloomberg Quint on Monday, 11 January, "Today marks a significant milestone for Intel as we continue to accelerate the delivery of our 10 nanometer products and maintain an urgent focus on execution to deliver a predictable cadence of leadership products," said Navin Shenoy, executive vice president and general manager Intel’s Data Platforms Group.", "Read more: Intel Chipmaking Throne Challenged by Taiwanese UpstartIntel executives have promised more regular updates to its Xeon roadmap with products that offer leading performance. "