Shares of Intel Corporation (INTC) Sees Large Outflow of Money

Intel Corporation (INTC) : Wednesdays money flow analysis of Intel Corporation (INTC) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $243.64 million. In comparison, the inflow of money on upticks was a meager $186.71 million. The dollar value of composite uptick trades minus the downtick trades was negative $56.93 million. The uptick to downtick ratio of 0.77 in the money flow shows weakness. The uptick block trades were valued at $29.74 million. The downtick transaction value was high at $85.07 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.35. Hence, the net money flow in the stock was negative ($55.33 million). Intel Corporation (INTC) gained $0.54 at $35.69, a change of 1.54% over the previous days close.


Also, Bernstein upgrades its view on Intel Corporation (NASDAQ:INTC) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. The rating by the firm was issued on July 8, 2016.

Intel Corporation (NASDAQ:INTC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.30 and $35.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.69, notching a gain of 1.54% for the day. The total traded volume was 42,994,187 . The stock had closed at $35.15 on the previous day.

The stock has recorded a 20-day Moving Average of 7.15% and the 50-Day Moving Average is 11.58%. 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.