Shares of Intel rose 4.04% to $59.25 at 16:43 EST on Thursday, after two successive sessions in a row of gains. NASDAQ Composite is sliding 0.12% to $13,112.64, after two consecutive sessions in a row of gains. This seems, so far, a somewhat rough trend trading session today.
Intel’s last close was $56.95, 16.95% 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. ", "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. "
Intel’s sales growth is a negative 13.5% for the present quarter and a decline by 18.9% for the next. The company’s growth estimates for the ongoing 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 $59.25 at 16:43 EST, way below 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 $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, "Being able to predictably deliver leading products to customers on time, at the right cost, will determine how much outsourcing Intel uses, he said.", "But Keller left Intel last year, and rivals, such as Advanced Micro Devices Inc. and Apple Inc., have forged ahead with their own capable designs and TSMC’s more advanced production technology. "
Intel says 10-nanometer server chips coming in first quarter. According to Bloomberg Quint on Monday, 11 January, "New models will have improved security, more computing cores and be better suited to dealing with artificial intelligence workloads, Intel said on Monday.", "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. "
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.", "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, "Read more: Intel Chipmaking Throne Challenged by Taiwanese UpstartSwan, the outgoing CEO, was considering outsourcing more manufacturing as a back up plan while Intel worked on reclaiming leadership with its own production. ", "Delays in the introduction of new, faster chips by Intel have contributed to that migration."