Intel Corporation (INTC) Dips 2.76% for December 03

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday December 03 was Intel Corporation (INTC). The stock experienced a 2.76% decline to $56.07 with 25.75 million shares changing hands.

Intel Corporation started at an opening price of 56.86 and hit a high of $56.86 and a low of $55.75. Ultimately, the stock took a hit and finished the day at $1.59 per share. Intel Corporation trades an average of n/a shares a day out of a total 4.35 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Intel Corporation hit a high of $59.59 and a low of $42.86 over the last year.

Intel is one of the world's largest chipmakers. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It is also the prime proponent of Moore's law for advances in semiconductor manufacturing. While Intel's server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has declined. These include areas such as the Internet of Things, memory, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, recently acquiring Altera, Mobileye, Nervana, and Movidius in order to assist its efforts in non-PC arenas.

With its headquarters located in Santa Clara, CA, Intel Corporation employs 107,400 people. After today’s trading, the company’s market cap has fallen to $243.9 billion, a P/S of n/a, a P/B of 3.28, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Intel Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: INTC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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