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Why Intel Stock Pulled Back Today


Shares of Intel (NASDAQ: INTC) were sliding today after the U.S. revoked the company's license to sell chips to Huawei, the latest escalation in the ongoing tech cold war between the U.S. and China.

As of 12:48 p.m. ET on Wednesday, Intel stock was down 2.9% on the news.

Image source: Getty Images.

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Source Fool.com

Intel Corp. Stock

€79.04
10.510%
A very strong showing by Intel Corp. today, with an increase of €7.52 (10.510%) compared to yesterday's price.
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%.
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