Why Intel Stock Was Sliding Today
Shares of Intel (NASDAQ: INTC) were moving lower today after the chipmaker revealed in a filing that it's losing billions of dollars in its foundry business.
Intel had not previously disclosed those losses in such detail, and the update showed significant challenges in a business that many believe could be a growth opportunity for the company.
As of 11:12 a.m. ET, the stock was down 6.7% on the news.
Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.19 € for Intel Corp., so the potential is actually -5.36%.
