Shares of Intel jumped 6.46% to $62.46 at 16:43 EST on Thursday, after two successive sessions in a row of gains. NASDAQ Composite is jumping 0.55% to $13,530.92, after two consecutive sessions in a row of gains. This seems, at the moment, a somewhat positive trend exchanging session today.
Intel’s last close was $58.67, 10.93% below its 52-week high of $69.29.
News about Intel today
Intel outsourcing clues mount ahead of earnings under new CEO. According to today’s article on Bloomberg Quint, "When it announced the appointment of Gelsinger, Intel said fourth-quarter earnings would exceed its forecasts and had made "strong progress’ on its latest manufacturing process, known as 7 nanometer. ", "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 today’s article on The Wall Street Journal, "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 today’s article on MarketWatch, "For the first quarter, Intel forecast adjusted revenue of $17.5 billion and adjusted earnings of $1.10 a share. ", "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 today’s article on Bloomberg Quint, "”What we are looking for is how Intel addresses what appear to be recurring issues it has had on that front. ", "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. "
Intel’s sales growth is a negative 13.4% for the present quarter and a decline by 19% for the next. The company’s growth estimates for the present quarter and the next is a negative 27.6% and a negative 35.9%, 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 1.17%, 2.00%, and 0.71%, respectively.
Intel’s last day, last week, and last month’s high and low average amplitude percentage was 1.95%, 3.55%, and 3.35%, respectively.
Intel’s Stock Yearly Top and Bottom Value
Intel’s stock is valued at $62.46 at 16:43 EST, 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 higher than its 50-day moving average of $51.09 and way above its 200-day moving average of $50.62.
Previous days news about Intel
Intel will demand more than just engineering. According to The Wall Street Journal on Monday, 18 January, "Mr. Gelsinger’s long tenure as an Intel engineer strongly suggests the chip maker isn’t ready to throw in the towel just yet on manufacturing. ", "The chip maker expects to spend between $25 billion and $28 billion for 2021-double the annual capex bill that Intel has averaged over the past five years."
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."