Intel Corp. Stock Outperforms Market On Strong Trading Day
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Shares of Intel Corp. (INTC) advanced 2.81% to $29.68 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.94% to 4,198.05 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
The stock's rise snapped a two-day losing streak.
Intel Corp. closed $15.25 short of its 52-week high ($44.93), which the company achieved on June 1st.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) rose 4.97% to $316.78.
Trading volume (36.4 M) remained 7.0 million below its 50-day average volume of 43.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
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May 18, 2023 17:02 ET (21:02 GMT)
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