Intel Corporation (NASDAQ:INTC) [Trend Analysis] retains strong position in active trade, as shares scoring 0.79% to $35.55 in active trade session, while looking at the shares volume, around 3.74 Million shares have changed hands in this session. Intel Corp. (INTC) reported that Omar Ishrak and Greg Smith have been elected to the company’s board. Smith is the chief financial officer and executive vice president of corporate development and strategy at Boeing.
Ishrak is the chairman and chief executive officer of Medtronic. Prior to joining Medtronic, he spent 16 years in various roles with General Electric Company, most recently as president and chief executive officer of GE Healthcare Systems, a division of GE Healthcare. He is a member of the board of trustees of the Asia Society. The firm has institutional ownership of 68.60%, while insider ownership included 0.04%. INTC attains analyst recommendation of 2.40 with week’s performance of 0.37%. Investors looking further ahead will note that the Price to next year’s EPS is 4.75%.
Cypress Semiconductor Corporation (NASDAQ:CY) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 2.71% to 14.40 with around 3.26 Million shares have changed hands in this session.
Camillo Martino and J. Daniel McCranie, nominees for election to the Cypress Semiconductor Corporation (CY) Board of Directors at the 2017 Annual Meeting of Stockholders, and T.J. Rodgers, founder and former CEO of Cypress and the Company’s largest individual stockholder, issued the following statement related to the outcome of Cypress’s consent solicitation to amend its charter to eliminate cumulative voting in the election of directors: “We are pleased that our fellow stockholders have had the opportunity to voice their opinion and determine the rules under which the upcoming election of directors will be conducted. Our respect for the right of stockholders to make that determination is why we voted our shares proportionally with all other stockholders. We will now have a contested election where the seven candidates that receive the most votes will be elected under a plurality voting standard.” The stock is going forward its fifty-two week low with 85.18% and lagging behind from its 52-week high price with 0.77%.
Similar, the positive performance for the quarter recorded as 19.44% and for the year was 73.16%, while the YTD performance remained at 22.55%. CY has Average True Range for 14 days of 0.33.