Why Intel Stock Is Plummeting Today
Shares of (NASDAQ: INTC) are tumbling on Friday, down 9.4% as of 3:06 p.m. ET. The move comes as the S 500 and the Nasdaq Composite gained 0.4% and 0.3%, respectively.
The chipmaking giant reported mixed earnings and painted a picture of a future that disappointed investors.
The company beat Wall Street's targets for revenue in its latest quarter -- $12.9 billion compared to the consensus estimate of $11.97. It also set better-than-expected guidance for the current quarter, with a range set between $12.6 billion and $13.66 billion vs. the consensus estimate of $12.66.
Source Fool.com
Intel Corp. Stock
€54.08
-0.060%
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 -53.77% which would mean heavy losses compared to the current price of 54.08 € for Intel Corp..
