Traders Buy High Volume of Intel Corp. Call Options (INTC)
Intel Corp. (NASDAQ:INTC) was the recipient of some unusual options trading on Monday. Investors bought 94,549 call options on the stock, Analyst Ratings Network.com reports. This represents an increase of approximately 130% compared to the typical daily volume of 41,061 call options.
In other Intel Corp. news, President Renee Jo James sold 22,577 shares of the company’s stock on the open market in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $26.00, for a total transaction of $587,002.00. Following the transaction, the president now directly owns 54,842 shares in the company, valued at approximately $1,425,892. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on INTC shares. Analysts at Sterne Agee reiterated a “neutral” rating on shares of Intel Corp. in a research note to investors on Thursday, January 2nd. They now have a $25.95 price target on the stock, up previously from $20.00. Separately, analysts at Wells Fargo & Co. reiterated a “top pick” rating on shares of Intel Corp. in a research note to investors on Thursday, January 2nd. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday, December 20th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.66.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.12% during mid-day trading on Monday, hitting $25.50. The stock had a trading volume of 40,274,972 shares. Intel Corp. has a 52 week low of $20.10 and a 52 week high of $26.04. The stock’s 50-day moving average is $24.82 and its 200-day moving average is $23.72. The company has a market cap of $126.8 billion and a price-to-earnings ratio of 13.81.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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