Why Intel Stock Is Sinking Today
Shares of Intel (NASDAQ: INTC) are falling on Wednesday, down 7% as of 12:14 p.m. ET. The drop comes as the S 500 and Nasdaq Composite fell 0.4% and 1%, respectively.
The struggling chipmaker's stock is sliding as investors await the U.S. government's decision over whether to take an equity stake in the company.
Commerce Secretary Howard Lutnick told CNBC that the U.S. government was in talks with Intel about taking a sizable stake in the company after it was rumored that President Trump was considering the action.
Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.19 € for Intel Corp., so the potential is actually -5.36%.
