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
€54.11
-2.560%
With 22 Buy predictions and 23 Sell predictions the community is currently undecided on Intel Corp..
The target price of 25 € compared with the current price of 54.11 € for the stock indicates a negative potential of -53.8%.
