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Pompano Beach, FL -- (SBWIRE) -- 01/31/2013 -- Semiconductor giant Intel Corporation (NASDAQ:INTC) turned its guns towards a new front on Thursday in a stretched and stammering campaign to move its processors into mobile phones, though it seems to still have a to face a long journey ahead.
Where INTC is Headed Exactly? Find out in This Trend Analysis Reports
According to Reuters report, Intel (INTC) merged with PC maker Acer Inc in Bangkok to launch the Liquid C1 smartphone, a $330 device operated on Google Inc's Android operating system, which would be revealed initially in Thailand and then launched in whole Southeast Asia, one of the rapidly-developing markets for mobile phones.
Stock of Intel Corporation (NASDAQ:INTC) was struggling to find its way above the trend line as it was down on last check at 11:01 AM EST with negative change of -0.96%.
Intel Corporation (NASDAQ:INTC) shares so far in this session fell -0.47% to $21.27 with the Stock being traded within the range of $21.21 – $21.32. In the past year, it has not traded below $19.23 and was unable to surpass $29.27. The current session’s volume of 4.18 million shares is down from the average daily trading volume of 51.49 million shares.
Is it the Right to Grab INTC after the Recent Slump? Get Free Trend Analysis Here
Turning to some other stocks in the same industry, STMicroelectronics, Intersil Corp and Mellanox Technologies, Ltd. are in the gianers list. Below in this article, we will have a quick look on their Market performance.
So far in the ongoing trade, STMicroelectronics N.V. (ADR) (NYSE:STM) shares are surged +4.69% to $8.71 while the stock has traded within the range of $8.66 – $8.88. In the last 52-week period, shares changed hands between $4.51 and $8.88. The current session’s volume of 1.08 million shares is lower than their average daily trading volume of 1.49 million shares.
What was the Moving Force behind STM On Bullish Run? Read This Research Report
Intersil Corp (NASDAQ:ISIL) shares in the current session moved up +8.43% reaching at $9.39. The stock traded in a range of $8.92 – $9.83. In the last year the stock has moved within a range of $6.31 – $11.82. The current session’s volume of 620,052 shares is higher from their average daily trading volume of 879,367 shares.
For How Long ISIL will Fight for Profitability? Read This Trend Analysis report
Another rival company, Mellanox Technologies, Ltd. (NASDAQ:MLNX) is at a premium of +4.29% to $52.28. In today’s trading so far, the stock price was found in a range of $50.23 and $52.98. In the previous 52 weeks the stock’s price ranged between $35.18 and $120.05. The current session’s volume of 319,116 shares was higher from their average daily trading volume of 2.04 million shares.
Why Should Investors Buy MLNX After The Recent Gain? Just Go Here and Find Out
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