Why Intel Stock Was Climbing Today
Shares of Intel (NASDAQ: INTC) were moving higher today after the chip giant surprised investors this morning by saying that CEO Pat Gelsinger has retired as CEO and from the board of directors, effective Dec. 1.
Gelsinger will be replaced on an interim basis by two senior leaders, CFO David Zinsner and CEO of Intel Products Michelle Johnston (MJ) Holthaus.
Investors seemed to see the shake-up as a sign of necessary change as the stock was up 4.4% as of 12:16 p.m. ET. It jumped immediately in premarket trading after the news was announced.
Source Fool.com
Intel Corp. Stock
€41.88
0.020%
Our community is currently low on Intel Corp. with 14 Buy predictions and 19 Sell predictions.
A potential of -42.69%, resulting from comparing the current price of 41.88 € with the target price of 24 € for Intel Corp., shows the chance of incurring significant losses.
