Why Intel Fell 10.1% in April
Shares of Intel (NASDAQ: INTC) fell 10.1% in April, according to data provided by S&P Global Market Intelligence. The processor giant cooled off mightily after a large run-up earlier in the year, which came after the recent appointment of new CEO Pat Gelsinger.
Yet after the first earnings release under Gelsinger last month, the post-appointment optimism met the messier reality of Intel's current situation.
Source Fool.com