Why Tower Semiconductor Fell This Week
Shares of Tower Semiconductor (NASDAQ: TSEM) fell 11.3% this week through Thursday trading, according to data from S&P Global Market Intelligence.
Tower fell this week after it announced its pending acquisition by (NASDAQ: INTC) would be terminated, as neither party had received approval from Chinese authorities by the Aug. 15 termination date.
Despite Tower being set to receive a $353 million termination fee, the stock fell back to earth anyway, as Intel had offered the company a lofty $54 per share acquisition price -- a substantial premium over where Tower was trading before the February 2022 offer.
Source Fool.com
Intel Corp. Stock
€52.56
-1.150%
Based on 22 Buy predictions and 22 Sell predictions the sentiment towards Intel Corp. is rather balanced.
A target price of 25 € results in a potential of -52.44% which would mean heavy losses compared to the current price of 52.56 € for Intel Corp..
