Why Intel Stock Skyrocketed This Week
Shares of Intel (NASDAQ: INTC) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S 500 (SNPINDEX: ^GSPC) was up 1%, and the Nasdaq-100 was up 0.5%.
The struggling chipmaker's stock is jumping after its CEO met with Trump at the White House; rumors are spreading that the administration may take a stake in the company.
After Trump called on CEO Lip-Bu Tan last week to resign because of his alleged ties to the Chinese government, a meeting was arranged. The White House visit appears to have gone quite well, with Trump saying Tan has an "amazing story."
Source Fool.com
Intel Corp. Stock
€55.38
4.160%
Based on 21 Buy predictions and 23 Sell predictions the sentiment towards Intel Corp. is rather balanced.
A target price of 25 € results in a potential of -54.86% which would mean heavy losses compared to the current price of 55.38 € for Intel Corp..
