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
€54.11
-2.560%
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 -53.8% which would mean heavy losses compared to the current price of 54.11 € for Intel Corp..
