Shares of Intel jumped 3.86% to $59.15 at 13:42 EST on Thursday, after two successive sessions in a row of gains. NASDAQ Composite is jumping 0.25% to $13,162.34, after two sequential sessions in a row of gains. This seems, so far, a somewhat positive trend trading session today.
Intel’s last close was $56.95, 17.14% below its 52-week high of $69.29.
News about Intel today
AMD gets a downgrade from BMO after Intel CEO change. According to today’s article on MarketWatch, "Advanced Micro Devices Inc. shares were subject to a downgrade by BMO Capital Markets analyst Ambrish Srivastava Thursday, in the wake of rival Intel Corp.’s announcement that it plans to replace its chief executive. ", "However, we do think a large part of the rich valuation is also attributable to how poorly Intel has executed." He argued that the CEO change at Intel offers the chip giant an opportunity to make up for past missteps. "
Intel’s sales growth is a negative 13.5% for the current 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 6.97%, 2.23%, and 0.66%, respectively.
Intel’s last day, last week, and last month’s high and low average amplitude percentage was 5.89%, 3.48%, and 3.19%, respectively.
Intel’s Stock Yearly Top and Bottom Value
Intel’s stock is valued at $59.15 at 13:42 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 way higher than its 50-day moving average of $49.84 and way higher than its 200-day moving average of $50.64.
Previous days news about Intel
Samsung surges after Intel is said to consider chip outsourcing. According to Bloomberg Quint on Monday, 11 January, "The Taiwanese company expects to have a new facility in Baoshan operational by the end of this year, which can be converted to production for Intel if required, one of the people said. ", "An Intel spokesperson referred to previous comments by Bob Swan, the company’s chief executive officer."
Intel says 10-nanometer server chips coming in first quarter. According to Bloomberg Quint on Monday, 11 January, "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. ", "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."
Intel CEO bob swan is replaced by vmware’s pat gelsinger. According to Bloomberg Quint on Wednesday, 13 January, "Santa Clara, California-based Intel is scheduled to hold a board meeting on Wednesday."
Intel ousts chief executive bob swan. According to The Wall Street Journal on Wednesday, 13 January, "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 Business Insider on Wednesday, 13 January, "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.", "Gelsinger was once an Intel executive for 30 years, serving as its first CTO as CNBC notes. "
Intel goes back to roots with gelsinger to regain chip lead. According to Bloomberg Quint on Wednesday, 13 January, "When asked about the chipmaker, he would regale listeners with stories of how his mentor and former Intel boss Andy Grove had shaped him. ", "Other Intel leaders have argued that chip design technology has changed for good and that a hybrid approach of doing some work inside and some outside was the right way forward."