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
31,88 €
0,43 %
Mehr Sell- als Buy-Zahlen bei Intel Corp. zeigen ein leicht negatives Sentiment.
Ein Kursziel von 23 € für Intel Corp. könnte zu einer Minderung von mehr als 20% gegenüber dem aktuellen Kurs von 31.88 € führen.
