Shares of Intel jumped 3.94% to $59.19 at 12:38 EST on Thursday, after two consecutive sessions in a row of gains. NASDAQ Composite is rising 0.42% to $13,183.73, after two successive sessions in a row of gains. This seems, so far, a somewhat positive trend exchanging session today.
Intel’s last close was $56.95, 17.06% under 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, "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. ", "At the same time, he upped his Intel price target to $70 from $50 while upgrading the stock to outperform from market perform. "
Intel’s sales growth is a negative 13.5% for the ongoing 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 $59.19 at 12:38 EST, way under its 52-week high of $69.29 and way above 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 above 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, "An Intel spokesperson referred to previous comments by Bob Swan, the company’s chief executive officer.", "Any components that Intel might source from Taiwan wouldn’t come to market until 2023 at the earliest and would be based on established manufacturing processes already in use by other TSMC customers, said the people, asking not to be identified because the plans are private."
Intel says 10-nanometer server chips coming in first quarter. According to Bloomberg Quint on Monday, 11 January, "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.", "New models will have improved security, more computing cores and be better suited to dealing with artificial intelligence workloads, Intel said on Monday."
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, "Krzanich resigned after the company’s board discovered an affair between him and an Intel employee that began before he resumed his role as CEO and ended in 2013, according to the Wall Street Journal.", "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."
Intel goes back to roots with gelsinger to regain chip lead. According to Bloomberg Quint on Wednesday, 13 January, "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.", "When asked about the chipmaker, he would regale listeners with stories of how his mentor and former Intel boss Andy Grove had shaped him. "