Puzzling Price Reaction : Intel Corporation (INTC), Verizon Communications Inc. (VZ)

The stocks of Intel Corporation (NASDAQ:INTC) has been Upgraded as a Market Perform from Under Perform by Northland Capital in its latest research note that was published on August 16. INTC was given a price target of$48 by Northland Capital, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Hold rating from Loop Capital. This was contained in a research note published by the firm on August 13. The stock received a Underperform rating and a price target of $37.50 to $42.90 in Wedbush’s research note that was published on July 26.

Intel’s stock is covered by 42 analysts, with 11 of them rating the stock as Buy. It has been deemed to have strong buy by 2 of the analysts, 20 of them have rated it as a Hold while 7 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 11 analysts. 2 of them rated it as strong buy with 21 of them recommended investors to Hold on to the stock. Meanwhile, 2 analyst(s) rated it as a sell. The above data shows that INTC has an average analyst rating of Hold.

Intel Corporation, which has current market capitalization of above $232 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $17 Billion in revenue, which saw a quarterly growth rate of -2.69 percent. During that quarter of the year, Intel also recorded $1.06 earnings per share (EPS) which is $0.17 above the $0.89 estimated by the analysts, leading to a surprise factor of 19.1%.

INTC surged by $0.39 during the normal trading session on Thursday and reaching a high of $52.83 during the day while it closed the day at $51.86. The Intel stock had a low trading volume of 16.53 million shares on that day, which is low compared to the average daily volume of 21.13M shares. INTC has also gained 1.47% of its value over the past 7 days. However, the stock has surged by 3.16% in the 3 months of the year. Over the past six months meanwhile, it has lost 11.34% while it has added 10.51% year-on date.

Shares in Verizon Communications Inc. (NYSE:VZ) fell by -0.10 percent on Thursday. The company’s stock began trading at $60.23 below the previous closing price of $60.29, and finished the day at $60.41. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -0.97% from its 3 months high price. However, taking another look at VZ will indicate that it is trading +11.03% away from its 90-day low. Looking at the bigger picture, the Verizon Communications Inc. stock has dropped by -1.9% from its 52-week high while it has surged by +15.55% from its 52-week low price.

On September 26, 2019 SILLIMAN CRAIG L., EVP&ChiefAdminLegal&PubPolOff sold 1,349 shares of the company. The average price for that transaction was $60.14 per share, which meant that SILLIMAN CRAIG L. earned $81,128.86 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with EVP and Group CEO-VZ Business, Erwin Tami A. selling 17,000 shares of this stock on August 29, 2019. The average selling price for the stock was $57.75 per share, with the sold stock accruing $981,750.00. Following this transaction, the insider now holds 22,681 shares of the company, which is worth around $1,189,392.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that VZ stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that Verizon has a 20-day average volume of 11123951 shares. This has led to the VZ price forecast being placed as a 100%Buy on an average basis. In the medium term, however, the VZ stock has its 50-Day average volume of 10962482 shares, with the indicators also rating it as a 100%Buy. Finally, in the long-term, the VZ stocks have a 100-Day average volume of 12227167 shares, with the long-term indicators rating the stock as just 100%Buy. Looking at the three indicators, the VZ stock has been set on a 1 Buy rating.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 90.18%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 77.9%. Over the past 20 days, Verizon’s Stochastic %K stood at 78.15% while its Stochastic %D was revealed to be 69.91%.