Why Intel Stock Is Plummeting Today
Shares of Intel (NASDAQ: INTC) are falling on Thursday. The chipmaker's stock had lost 8.7% as of 12:20 p.m. ET. The drop comes as the S 500 and Nasdaq Composite both lost more than 5%.
Intel's stock is feeling pressure from the ongoing trade war with China as well as a Reuters report today that revealed its new CEO has extensive business ties in the country, raising concerns of a potential conflict of interest.
Source Fool.com
Intel Corp. Stock
€54.23
0.220%
Based on 22 Buy predictions and 23 Sell predictions the sentiment towards Intel Corp. is rather balanced.
A target price of 25 € results in a potential of -53.9% which would mean heavy losses compared to the current price of 54.23 € for Intel Corp..
