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 $49.39 to $52.65 in the past one-month time frame.
The move came after the company reported better-than-expected third-quarter 2019 results.
The company has seen four 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 #1 (Strong Buy) while its Earnings ESP is positive.
Intel Corporation Price
Intel Corporation price | Intel Corporation Quote
Investors interested in the Computer and Technology sector may considerAdvanced Energy Industries, Inc. AEIS, which also has a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Is INTC going up? Or down? Predict to see what others think:Up or Down
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research