Intel closed at $29.81 after losing 1.23% Friday

Published: March 19 2023, 18:41 GMT+0

Intel closed at $29.81 after losing 1.23% Friday

Friday at a glance: during Friday's session, Intel toiled and struggled for upward momentum before closing at $29.81. By the close, the the hardware manufacturer suffered a 37 cents or 1.23% loss.

  • Daily trading volume (80.55 million shares) was above the current multiday average of 44.68 million.
  • Intel discloses 36.5 cents per share dividend to be paid on Wednesday, March 1st

With around 18 hours until market open on the NASDAQ, Friday's session saw to it that Nasdaq decreases 0.74% before ending the session at 11,631. S&P 500 closed at 3,916.64 after losing 1.1%. Dow Jones dropped by 1.19% to close at 31,862. Intel closed lower Friday, with similar drops noticed throughout the Technology sector (down 0.307%).

Intel hit a significant low of $24.9 around 20 days ago, but has since recovered 21.2%. So far this year, it has been under-performing the Nasdaq by 6.11%. The company's market cap currently stands at $123.32 billion with an average daily trading volume of 44.68 million shares. Intel is forecasted to generate revenues of $14.45 billion and EPS of 20 cents.

Also, the firm paid out a quarterly dividend of 36.5 cents per share on Wednesday, March 1st to all active shareholders as of Tuesday, February 7th. Eligible investors secured a quarterly dividend yield of 4.9% for this year.

Intel was not the only decliner in the technology sector; Accenture plc Class A (Ireland) draws back 1.15% Friday to close at $252.92.

On the other hand, positive performances could be seen by looking at other technology stocks as Microsoft was up 1.17%. Adobe was up 1.37%.