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. Stock
€31.78
0.110%
Our community is currently low on Intel Corp. with 14 Buy predictions and 19 Sell predictions.
A potential of -27.62%, resulting from comparing the current price of 31.78 € with the target price of 23 € for Intel Corp., shows the chance of incurring significant losses.
