AAL

Intel Stock Pops After Snagging Micron's CFO

Intel is up roughly 8% in the past 12 months

Digital Content Manager
Jan 11, 2022 at 9:30 AM
facebook X logo linkedin


The shares of Intel Corporation (NASDAQ:INTC) are up 1% at $55.76 this morning, following news that it's hired former Micron Technology (MU) Chief Financial Officer (CFO) David Zinsner as its new CFO, effective Monday, Jan. 17. While INTC is on the rise, Micron stock is down 0.8% in pre-market trading. The news hasn't convinced everyone to buy into Intel, though. Keybanc downgraded the stock to "sector weight" from "overweight" early this morning. 

It wasn't an easy year for Intel stock in 2021, the equity suffered several bear gaps and wound up bottoming out near the $48 level in late-October. Though the rally off this level has been choppy, with pressure forming near the $56 region, the security was able to topple a former ceiling at its 320-day moving average during yesterday's session. Year-over-year, INTC is up nearly 7%. 

Analysts remain hesitant, with 20 out of the 27 in coverage calling the equity a "hold" or worse, coming into today. Meanwhile, the 12-month consensus price target of $55.52 is a slim 1.2% premium to last night's close. 

Short-term options traders, on the other hand, have been more call-biased than usual. This is per the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.75, which stands higher than just 17% of readings from the past year. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.