Why Intel Rallied Today
Shares of (NASDAQ: INTC) rallied on Monday, rising as much as 5.7% before retreating to a 3.8% gain as of 12:08 p.m. ET.
Intel has been a controversial turnaround play in the semiconductor industry for a few years, and is currently pinning its hopes on the strategy of new CEO Lip-Bu Tan, who was hired in March.
Today, Intel disclosed some mildly positive news on the cost-cutting front. Given its low valuation, it only took that much to have significant outperformance.
Source Fool.com
Intel Corp. Aktie
87,31 €
-0,11 %
Die Intel Corp. Aktie ist etwas beliebter: Mehr Buy- (46) als Sell-Einschätzungen (24).
Obwohl das Kursziel für Intel Corp. bei 70 € liegt, was unter dem aktuellen Kurs von 87.31 € ist, zeigt sich ein Potenzial von -19.83%.
