Intel Corporation (INTC) : The total money flow in Intel Corporation (INTC) was negative ($21.11 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $73.95 million. In comparison, the inflow of money into the stock on upticks was $52.83 million. The uptick to downtick ratio was 0.71. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $12.37 million. The value of transactions on uptick was $2.24 million. The negative money flow of ($10.13 million) confirms the selling in Intel Corporation (INTC) on strength. The uptick to downtick ratio of block trades was 0.18. Intel Corporation (INTC) gained $0.29 at $35.55, a gain of 0.82% over the previous days close. However, the stock registered 0.88% in the week.
Also, Major Brokerage house, Nomura maintains its ratings on Intel Corporation (NASDAQ:INTC). In the latest research report, Nomura raises the target price from $35 per share to $38 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 2, 2016.
Shares of Intel Corporation rose by 0.85% in the last five trading days and 3.22% for the last 4 weeks. Intel Corporation is up 13.62% in the last 3-month period. Year-to-Date the stock performance stands at 6.24%.
Intel Corporation (NASDAQ:INTC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.59 and $35.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.70, notching a gain of 0.42% for the day. The total traded volume was 15,183,208 . The stock had closed at $35.55 on the previous day.
In a related news, The officer (EVP, Pres Client & IOT & SAG), of Intel Corp, Renduchintala Venkata S M had unloaded 13,997 shares at $34.71 per share in a transaction on July 28, 2016. The total value of transaction was $485,836. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.