Why Intel Stock Keeps Falling
Shares of beleaguered semiconductor giant Intel (NASDAQ: INTC) tumbled for a fourth straight day on Friday, falling 2.3% through 10:15 a.m. ET as investors continue to digest the news that Intel lost $7 billion building semiconductor chips for its competitors last year. And Wall Street isn't helping matters much.
Adding insult to injury, this morning, investment bank Bernstein commented that there is "no real reason to [own Intel stock] until 2030."
Why is Bernstein pouring salt into the wounds of investors, who've already suffered a 13% loss on Intel stock so far this week?
Source Fool.com
Intel Corp. Stock
€79.04
10.510%
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 79.04 € for Intel Corp., so the potential is actually -6.38%.
