Intel Corporation (NASDAQ:INTC) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $42.50 to $46.85 in the past one-month time frame.
The move came after the company reported strong fourth-quarter 2017 results.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Intel currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Another stock worth considering in the Semiconductor – General industry is STMicroelectronics N.V. (NYSE:STM) which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
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STMicroelectronics N.V. (STM): Free Stock Analysis Report
Intel Corporation (INTC): Free Stock Analysis Report
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