Reverse Stock-Split Watch: Is Intel Next?
In recent years, certain GPU makers like Nvidia have seen their share prices soar. But not (NASDAQ: INTC). Over the past 12 months alone, shares of the struggling chipmaker have crashed by nearly 50%, sending the company's market capitalization below $100 billion for the first time in year.
Intel's management team says it has a plan to reinvigorate growth. But before that happens, investors should prepare for a reverse stock split.
A stock split typically occurs when a company's share price is so high that either investors errantly assume it's "expensive" or limit their holdings because they can't afford to buy another whole share. Reverse stock splits, meanwhile, are often enforced by exchanges that require companies to maintain a share price above a certain threshold. But sometimes, companies opt to execute a reverse stock split for aesthetic reasons.
Source Fool.com
Intel Corp. Stock
Based on 22 Buy predictions and 22 Sell predictions the sentiment towards Intel Corp. is rather balanced.
A target price of 25 € results in a potential of -52.56% which would mean heavy losses compared to the current price of 52.7 € for Intel Corp..
