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
€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 €.
