3 Chip Stocks to Note Now: Intel Put Options Active, Nvidia Considers Tablet Forray, and Broadcom Stock Dumped by Director
Intel Corporation (NASDAQ:INTC): Intel got hit with a high amount of put trading on Tuesday with more than 88,000 contracts being bought and sold between investors. While, typically, puts would suggest negative sentiment or betting against the stock, around 14,000 of those put contracts were traded at the $0.14 strike price — an indicator that they were sold rather than bought. The stock has lost 14 percent of its value year-over-year while posting a 10 percent gain year-to-date.
NVIDIA Corporation (NASDAQ:NVDA): Nvidia might be joining the tablet game, an exciting prospect for enthusiasts of the company’s software and products. Apparently the company “plans to launch a high-end tablet under its own brand,” using the same new platform powering its gaming console, The Shield.
Broadcom Corp (NASDAQ:BRCM): Broadcom Director Nancy Handel has sold 9,296 shares of the company in a surprisngly large insider trade for the chip maker. Analyst reports on the stock are varying, but at least one had the stock demoted to a sell, with a price cut from $45.00 to $26.00. Handel got rid of her shares for $26.86 each for a total of $249,690.
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