Why Intel Stock Drifted Higher Today
Tuesday wasn't one of the more memorable days on the stock exchange for U.S. chip titan (NASDAQ: INTC). There was little fresh news affecting the company directly, still it managed to drift 2% higher in price across the trading session. Lingering positive sentiment related to the recently announced Nvidia buy-in, in addition to recent analyst moves, played a role in this.
At any rate Intel beat the S 500 index, which fell by 0.6% Tuesday.
To a degree, investors are still reacting to the blockbuster news from the end of last week that Nvidia will invest a meaty $5 billion in Intel's equity, and the two chip giants will collaborate on certain projects. More recently, on Monday a European bank upgraded its recommendation on the stock.
Source Fool.com
Intel Corp. Stock
Our community is currently low on Intel Corp. with 14 Buy predictions and 19 Sell predictions.
A potential of -27.67%, resulting from comparing the current price of 31.8 € with the target price of 23 € for Intel Corp., shows the chance of incurring significant losses.
