Shares of Intel slid 2.91% to $55.01 at 11:41 EST on Monday, following last session’s downward trend. NASDAQ Composite is sliding 0.26% to $13,507.41, after four consecutive sessions in a row of gains. This seems, so far, a somewhat rough trend exchanging session today.

Intel’s last close was $56.66, 23.78% below its 52-week high of $68.09.

Intel’s Sales

Intel’s sales growth is a negative 12.5% for the current quarter and a decline by 11.3% for the next. The company’s growth estimates for the current quarter and the next is a negative 26.2% and a negative 9.8%, respectively.

Intel’s Revenue

Year-on-year quarterly revenue growth declined by 1.1%, now sitting on 77.87B for the twelve trailing months.

Volatility

Intel’s last day, last week, and last month’s average volatility was a negative 10.24%, a negative 0.96%, and a positive 0.97%, respectively.

Intel’s last day, last week, and last month’s high and low average amplitude percentage was 5.24%, 4.59%, and 3.58%, respectively.

Intel’s Stock Yearly Top and Bottom Value

Intel’s stock is valued at $55.01 at 11:41 EST, way below its 52-week high of $68.09 and way higher than its 52-week low of $43.61.

Intel’s Moving Average

Intel’s worth is above its 50-day moving average of $51.63 and higher than its 200-day moving average of $50.57.

Previous days news about Intel

Intel to stay mostly inside. According to The Wall Street Journal on Friday, 22 January, "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.", "The former Intel Corp. engineer was named chief executive of the chip-making titan last week. "

TSMC can breathe easy. Intel will keep making chips. According to Bloomberg Quint on Friday, 22 January, "Over the past decade, only Intel and Samsung Electronics Co. could be considered rivals in leading-edge manufacturing. ", "On the surface, you’d think that adding more Intel to its production manifest would be a boon for the Taiwanese company. "

Huawei's honor spinoff unveils 5g smartphones with Intel, NVIDIA chips. According to Bloomberg Quint on Friday, 22 January, "Huawei Technologies Co.’s smartphone spinoff unveiled new devices Friday featuring chips from Intel Corp., MediaTek Inc. and Nvidia Corp., saying it reached agreements with its global partners to resume supplies cut off by U.S. sanctions on its former parent."

Intel drops 4% after a reported hacking forced the chipmaker to release its 4th-quarter earnings early. According to Business Insider on Friday, 22 January, "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 MarketWatch on Friday, 22 January, "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 ceo’s new crusade pits investors against U.S. interests. According to Bloomberg Quint on Friday, 22 January, "Some U.S. lawmakers have begun listening to Intel and other U.S. chip industry players who have argued for years that incentives to keep manufacturing in the country just aren’t enough compared with what’s offered in China and other parts of the world.", "If Intel outsourced production to TSMC — as some on Wall Street want — the U.S. would lose a major advanced manufacturing sector and hand more crucial know-how to Taiwan, a country that is increasingly under the influence of China."

LEAVE A REPLY

Please enter your comment!
Please enter your name here