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Why Intel Stock Popped on Tuesday

TheMotleyFool 
0 0 21.07.26
Why Intel Stock Popped on Tuesday: https://g.foolcdn.com/editorial/images/879976/intel-cube-statue-with-intel-logo-outside-an-intel-building-is-intc.jpg
 

Intel (NASDAQ: INTC) stock soared 8.4% through 2:10 p.m. ET Tuesday on a raft of positive news headlines -- or at least headlines investors viewed as positive.

Image source: Intel.

Intel employees are probably less thrilled with the first item on this list, a report from Business Insider that Intel will lay off an unspecified number of employees in its data center division. If true, the layoffs would come on top of a 15% reduction in force last year -- 5,000 souls -- with thousands more laid off in 2024.

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Source Fool.com

Intel Corp. Stock

€87.60
1.130%
Intel Corp. gained 1.130% today.
Our community is currently high on Intel Corp. with 46 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 72 € is below the current price of 87.6 € for Intel Corp., so the potential is actually -17.81%.
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