NASDAQ Composite ended the session with Intel jumping 5.44% to $49.63 on Tuesday while nASDAQ Composite dropped 0.25% to $12,867.66.
Intel today’s close was $49.63, 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 has fallen behind in semiconductor manufacturing and must fix the problem before major customers take their chip designs to other manufacturers, Loeb wrote in the letter, a copy of which was obtained by Bloomberg. "
Intel’s sales growth is a negative 13.7% for the ongoing quarter and a decline by 18.8% 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 Stock Yearly Top and Bottom Value
Intel’s stock is valued at $49.63 at 16:04 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 value is above its 50-day moving average of $47.90 and below its 200-day moving average of $51.29.