Why Intel Stock Fell 5.7% Today
Shares of (NASDAQ: INTC) sank on Monday, finishing down 5.7%. The drop came as the S 500 gained 0.5% and the Nasdaq Composite rose 0.4%.
The struggling chipmaker's stock is still sliding after its most recent earnings disappointed investors. While the company technically beat fourth-quarter estimates, management warned that "acute internal supply constraints" will lead to depressed sales and earnings figures in the coming months and set forward targets well short of analyst expectations. The stock dropped nearly 20% on Friday following the company's Q4 release.
The core issue for Intel right now isn't a lack of demand; instead, the company is struggling to deliver enough product. CFO David Zinsner admitted that the company does not have the capacity to meet current demand.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 47 Buy predictions and 24 Sell predictions.
However, we have a potential of -5.36% for Intel Corp. as the target price of 74 € is below the current price of 78.19 €.
