In yesterday’s Wall Street session, Intel Corp (NASDAQ:INTC) shares traded at $19.82, down -2.36% from the previous session.
INTC stock price is now -11.98% away from the 50-day moving average and -28.08% away from the 200-day moving average. The market capitalization of the company currently stands at $84.90B.
With the price target reduced from $36 to $22, Mizuho Downgraded its rating from Outperform to Neutral for Intel Corp (NASDAQ: INTC). , while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, Holthaus Michelle Johnston, EVP & GM, CCG sold 25,000 shares of the company’s stock on Nov 07 ’24. The stock was sold for $650,000 at an average price of $26.00. Upon completion of the transaction, the EVP & GM, CCG now directly owns 273,258 shares in the company, valued at $5.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Officer Michelle Johnston Holthaus bought 25,000 shares of the business’s stock. A total of $625,000 was incurred on buying the stock at an average price of $25.00. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Intel Corp has had a low of $18.51 and a high of $50.87. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.31, and a quick ratio of 0.97. The fifty day moving average price for INTC is $22.5178 and a two-hundred day moving average price translates $27.55805 for the stock.
The latest earnings results from Intel Corp (NASDAQ: INTC) was released for 2024-09-28. The net profit margin was -29.42% and return on equity was -15.85% for INTC. The company reported revenue of $13.28 billion for the quarter, compared to $14.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.17 percent.
