Intel Corporation (INTC): Price Target and June Short Interest Disclosure

Intel Corporation (INTC) : Average target price received by Intel Corporation (INTC) is $36.3 with an expected standard deviation of $3.29. The most aggressive target on the stock is $45, whereas the most downbeat target is $30. 27 financial analysts are currently covering the stock.

Intel Corporation (INTC), A drop of 1,916,874 shares or 2.5% was seen in the short interest of Intel Corporation. Even as the interest dropped from 75,585,961 shares on June 15,2016 to 73,669,087 shares on June 30,2016, the days to cover came in at 3. The updated interest stood at 1.6% of the stocks floats. The stock has seen an average daily volume of 25,304,517 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Bernstein upgrades its outlook on Intel Corporation (NASDAQ:INTC). The current rating of the shares is Market Perform, according to the research report released by the firm. The rating by the firm was issued on July 8, 2016.


Intel Corporation (NASDAQ:INTC): stock turned positive on Thursday. Though the stock opened at $35.13, the bulls momentum made the stock top out at $35.3 level for the day. The stock recorded a low of $34.96 and closed the trading day at $35.2, in the green by 0.54%. The total traded volume for the day was 25,296,374. The stock had closed at $35.01 in the previous days trading.

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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