Intel (INTC) in Focus: Stock Moves 8.1% Higher
Intel Corporation INTC was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $58.93 to $63.32 in the past one-month time frame.
The upmove came after the company reported better-than-expected fourth-quarter 2019 results.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Intel. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Intel currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Intel Corporation Price
Intel Corporation price | Intel Corporation Quote
Investors interested in the Semiconductor - General industry may consider STMicroelectronics N.V. STM, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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