Shares of Intel Corporation (INTC) Rally 3.15%

Intel Corporation (INTC) : Traders are bullish on Intel Corporation (INTC) as it has outperformed the S&P 500 by a wide margin of 5.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.63%, 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 3.15% in the last 1 week, and is up 10.42% 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 6.83% and the 50-Day Moving Average is 10.71%.

Intel Corporation (NASDAQ:INTC): The stock opened at $35.26 on Friday but the bulls could not build on the opening and the stock topped out at $35.29 for the day. The stock traded down to $34.90 during the day, due to lack of any buying support eventually closed down at $35.07 with a loss of -0.37% for the day. The stock had closed at $35.20 on the previous day. The total traded volume was 23,661,856 shares.


The company Insiders own 0.09% of Intel Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.06% . Institutional Investors own 66.02% of Intel Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -25.37%. In a related news, The Securities and Exchange Commission has divulged that Krzanich Brian M, director officer (CEO) of Intel Corp, had unloaded 71,413 shares at an average price of $32.73 in a transaction dated on July 1, 2016. The total value of the transaction was worth $2,337,347.

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.

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