Why Intel Stock Slumped on Tuesday
Onetime investor favorite (NASDAQ: INTC) took another in a series of hits on Tuesday, with an analyst's new and more bearish take on its prospects.
Already beaten down in price, Intel's shares sagged by 1.4% on the day. This compared unfavorably to the slightly over 1% gain of the S 500 index it's a part of.
That researcher was Argus' Jim Kelleher, who now feels Intel is only a hold. Prior to that, Kelleher's recommendation on the chipmaker was buy.
Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
Currently there is a rather positive sentiment for Intel Corp. with 47 Buy predictions and 24 Sell predictions.
However, we have a potential of -5.36% for Intel Corp. as the target price of 74 € is below the current price of 78.19 €.
