Why Sandisk Stock Just Jumped
Sandisk (NASDAQ: SNDK) raced out of the gate this morning, surging 10.7% through 11:15 a.m. ET Thursday after President Trump announced he has arranged a partnership between (NASDAQ: AAPL) and (NASDAQ: INTC), whereby Intel will manufacture semiconductors for Apple.
Apple stock gained nearly 1% on the news, while the semiconductor companies performed much, much better. In addition to Sandisk's gain, Intel stock is up 9.5%.
Image source: Getty Images.
Source Fool.com
Intel Corp. Stock
€83.49
5.660%
Currently there is a rather positive sentiment for Intel Corp. with 47 Buy predictions and 24 Sell predictions.
However, we have a potential of -11.37% for Intel Corp. as the target price of 74 € is below the current price of 83.49 €.
