Shares of Intel slid 3.04% to $46.01 at 15:36 EST on Monday, after two consecutive sessions in a row of losses. The Nasdaq Stock Market is falling 0.28% to $12,720.50, following yesterday's downward trend, This seems, up to now, a somewhat negative trend trading session today.
Intel's last close was $47.46, 50.60% under its 52-week high of $69.29.
News about Intel today
Intel investigating solarwinds hack risk, sees no impact. According to today's article on Bloomberg Quint, "Intel Corp., the world's largest chipmaker, said it's investigating whether it was a victim of the SolarWinds Corp. hack that has roiled the U.S. government and private sector."
Intel's Sales
Intel's sales growth is a negative 13.7% for the current 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.
Intel's Revenue
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 $46.01 at 15:36 EST, way below its 52-week high of $69.29 and higher than 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 under 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. ", " In November, Apple Inc. , which had been relying on Intel chips until recently, released computers using in-house designed chips."
: Intel stock drops 6% after report of Microsoft developing its own chips. According to MarketWatch on Fri Dec 18, "Intel Corp. shares closed down Friday following a report that Microsoft Corp. was developing in-house chips for its servers and Surface PCs. ", "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."