Intel Sees Unusually Large Options Volume (INTC)
Shares of Intel (NASDAQ:INTC) were the recipient of unusually large options trading on Friday. Stock investors acquired 31,288 put options on the company, American Banking News reports. This represents an increase of 101% compared to the typical volume of 15,554 put options.
A number of analysts have recently weighed in on INTC shares. Analysts at Zacks upgraded shares of Intel from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $37.00 price target on the stock. Separately, analysts at Sanford C. Bernstein upgraded shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Finally, analysts at Bernstein upgraded shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. They now have a $28.00 price target on the stock, up previously from $22.00. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.48.
Shares of Intel (NASDAQ:INTC) traded down 0.03% during mid-day trading on Friday, hitting $31.25. The stock had a trading volume of 20,037,166 shares. Intel has a 52-week low of $21.89 and a 52-week high of $31.36. The stock’s 50-day moving average is $29.17 and its 200-day moving average is $26.42. The company has a market cap of $155.6 billion and a P/E ratio of 16.73.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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