Intel Corporation (INTC) : Traders are bullish on Intel Corporation (INTC) as it has outperformed the S&P 500 by a wide margin of 9.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.73%, 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 6.29% in the last 1 week, and is up 6.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.45% and the 50-Day Moving Average is 7.48%.The 200 Day SMA reached 17.42% Intel Corporation is up 19.51% in the last 3-month period. Year-to-Date the stock performance stands at 12.11%.
Intel Corporation (INTC) : The highest level Intel Corporation (INTC) is projected to reach is $45 for the short term and the lowest estimate is at $30. The consolidated price target from 28 rating analysts who initiate coverage on the stock is $38.05 and the possibility the share price can swing is $3.51.
For the current week, the company shares have a recommendation consensus of Buy. Intel Corporation (NASDAQ:INTC): The stock opened at $37.72 and touched an intraday high of $38.05 on Friday. During the day, the stock corrected to an intraday low of $37.25, however, the bulls stepped in and pushed the price higher to close in the green at $37.67 with a gain of 3.04% for the day. The total traded volume for the day was 74,577,899. The stock had closed at $36.56 in the previous trading session.
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.