Active Concerns Wondering Movers: Intel Corporation (NASDAQ:INTC), City Office REIT (NYSE:CIO)

Intel Corporation (NASDAQ:INTC) [Trend Analysis] surged reacts as active mover, shares an advance 0.03% to traded at $36.55 and the percentage gap between open changing to regular change was -0.08%. Intel (INTC) declared that it has seemingly resolved its ongoing problems transitioning to a 10nm semiconductor manufacturing, promising to launch its eighth-generation Cannon Lake Core chips before the end of the year.

The move from 14nm to 10nm manufacturing nodes has not been smooth for Intel. The company’s original roadmap called for the first 10nm chips to launch in 2015, but despite considerable investment the transition did not go well. By June 2015, rumours were spreading that Intel was going to miss the launch, while in July Intel’s Brian Krzanich confirmed that the launch of the 10nm ‘Cannon Lake’ processors would have to be pushed back to some time in the second half of 2017. The firm’s current ratio calculated as 1.80 for the most recent quarter. The firm past twelve months price to sales ratio was 2.99 and price to cash ratio remained 9.73. As far as the returns are concern, the return on equity was recorded as 16.80% and return on investment was 13.60% while its return on asset stayed at 9.70%. The firm has total debt to equity ratio measured as 0.44.

City Office REIT, Inc. (NYSE:CIO) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.25% to $12.27. City Office REIT, Inc. (CIO) reported that upsizing and pricing of its underwritten public offering of 5,000,000 shares of its common stock at a public offering price of $12.40 per share for total gross proceeds of $62.0 million.

The offering is expected to close on January 13, 2017, subject to the satisfaction of customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock.

The Company intends to use the net proceeds from the offering for the acquisition of office properties, the repayment of amounts outstanding under its secured credit facility and general working capital purposes, including funding future acquisitions and investments. Raymond James is acting as the sole book-running manager for the offering. D.A. Davidson & Co., Janney Montgomery Scott, Wunderlich, Oppenheimer & Co. Inc. and Compass Point are acting as co-lead managers for the offering. The share price of CIO attracts active investors, as stock price of week volatility recorded 1.87%. The stock is going forward to its 52-week low with 22.17% and lagging behind from its 52-week high price with -10.16%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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