Why Intel Plunged at the End of the Day Today
Shares of (NASDAQ: INTC) were down mildly throughout the day today, but plunged toward day's end to finish down 4.3% in today's trading.
While investors cautiously await the Federal Reserve's meeting that begins tomorrow, Intel held its Innovation Conference today, which actually contained several positive product announcements.
However, the last speaker of the day was CFO David Zinsner. When peppered with questions about how new innovations might affect Intel's financials in the near term, some may have been disappointed by his answers.
Source Fool.com
Intel Corp. Stock
€28.50
-1.400%
Currently there is a rather positive sentiment for Intel Corp. with 22 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 33.33% compared to the current price of 28.5 € for Intel Corp..
