Intel Corporation (INTC) : Traders are bullish on Intel Corporation (INTC) as it has outperformed the S&P 500 by a wide margin of 1.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.06% in the last 1 week, and is up 1.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.12% and the fifty day Moving Average is 3.97%. Intel Corporation is up 12.53% in the last three month period. Year-to-Date the stock performance stands at 4.93%.
Intel Corporation (INTC) stock is expected to deviate a maximum of $3.53 from the average target price of $37.52 for the short term period. 27 Street Experts have initiated coverage on the stock with the most promising target being $45 and the most muted being $30.
Intel Corporation (NASDAQ:INTC): stock turned positive on Friday. Though the stock opened at $35.11, the bulls momentum made the stock top out at $35.58 level for the day. The stock recorded a low of $35.05 and closed the trading day at $35.26, in the green by 0.48%. The total traded volume for the day was 14,469,924. The stock had closed at $35.09 in the previous days trading.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Companys platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Companys operating segments include the PC Client Group (PCCG), the Data Center Group (DCG), the Internet of Things Group (IOTG), the Mobile and Communications Group (MCG), the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group, Netbook Group and New Devices Group.