Why Intel Stock Fell 17% in December
Shares of Intel (NASDAQ: INTC) were spiraling again last month as the surprise "retirement" of former CEO Pat Gelsinger offered more evidence of the disarray the company is in as it struggles to keep pace in the booming chip sector.
Investors have grasped on to hopes of a recovery, but the CEO ouster is the latest evidence of steep challenges at a time when the company can ill afford to fall behind.
As a result, the stock finished the month down 17%, according to data from S&P Global Market Intelligence. As you can see from the chart, the stock plunged shortly after the CEO announcement, and stayed down from there, falling again after the Federal Reserve trimmed its rate-cut forecast for 2025.
Source Fool.com
Intel Corp. Stock
€87.46
10.760%
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -19.96% for Intel Corp. as the target price of 70 € is below the current price of 87.46 €.
