Banglore: Intel Corporation (NASDAQ:INTC) today rolled out a new series of processors, Itanium 9500, which the computer chip maker claimed has over two-times faster speed than its previous generation processors. The latest Intel Itanium processor 9500 series is ideal for today’s most demanding workloads, such as business analytics, database, and large-scale ERP applications, according to Intel.
The company said that systems based on its Itanium processors are being used in more than three-quarters of the world’s global 100 companies across industries such as aerospace, energy, life sciences and telecommunications. With the Intel Itanium processor 9500 series, these industries will be benefited from an increase in performance and boost in reliability, availability and serviceability capabilities, it said.
“Built on a new microarchitecture and providing breakthrough performance, the Intel Itanium 9500 processor family signals Intel’s ongoing commitment to deliver unparallelled reliability… to meet the critical application demands across all industries,” Srinivasan Ramaprasad, Country Business Manager, MNC Accounts, Intel South Asia, claimed at a press conference here today.
See latest price movement of this stock
Intel (INTC) shares traded up 0.84% during last trading session, finishing at $19.89 a piece. The share price of INTC floated yesterday in a range of $19.62 to $19.92. The boost gave the company a market-cap of over $98.95 billion.
How to determine strength or weakness after that shift in price?
The stock, after recent close, is -8.22% down their SMA 50 and 30.75% off the 52-week high. The worst hit in its 52 week range is $19.23 per share, with $29.27 as its 52 week best price that compares with a latest closing price of $19.89. Its latest closing price has a distance of -4.38% from SMA20 and is -20.39% down than SMA200.
What are the effects on the stock performance?
With recent gain, the year-to-date (YTD) performance reflected a -15.17% fall below last year. During the past month the stock dropped -6.95%, bringing three-month performance to -19.75% and six-month performance to -21.00%.
How it participates in the overall market?
Historically, the volatility of this stock is about 2.25% a week and 2.13% a month, but keep in mind volatility keeps on changing. For this company, beta value at 1.08 represents it is more volatile to the shift in the market.
Do you still seek better idea? Look at analyst opinion
The average analysts that follow this company have a ‘Hold rating on this stock, according to Zacks Investment Research. Of 38 analysts, 23 maintain that rating, 1 set the stock as buy, 1 give underperform rating, 11 set the stock as Strong buy and 2 suggests selling.