Santa Clara, CA – Intel Corp. (NASDAQ: INTC) experienced a significant boost in the stock market on Monday, July 3rd, as investors pushed its shares up for a strong daily gain. The semiconductor giant closed the trading session at 0.61, or 2.79%.
The positive momentum was evident right from the opening bell. Starting the day at $22.15, well above the previous day’s close of $21.88, Intel’s stock embarked on a steady climb. It reached an intraday high of $22.63 before noon, demonstrating strong investor confidence. After finding its daily low at $21.99, the stock maintained its gains throughout the afternoon, closing near its daily peak.
This single-day performance offers a bright spot for the company, whose stock has navigated a wide range over the past year. The current price sits comfortably above its 52-week low of $17.66 but remains significantly below the 52-week high of $37.16, indicating a potential recovery phase.
For income-focused investors, Intel continues to offer a dividend yield of 2.22%, with a quarterly dividend amount of $0.12 per share. However, the provided data shows a blank P/E ratio, which often suggests that the company has not been profitable over the trailing twelve months—a key metric investors will continue to monitor.
Following the market’s close, after-hours trading saw a slight cooling-off, with the stock dipping fractionally to $22.43. Nevertheless, Monday’s powerful rally provided a welcome sign for Intel shareholders, who will be watching closely to see if this bullish sentiment can be sustained in the coming sessions.
