Why Intel Shares Are Moving Higher Today
Intel (NASDAQ: INTC) has been moving in the wrong direction so far in 2024, with the stock losing more than half its value year to date.
Management is reportedly open to radical steps to reverse the decline, and investors are taking notice. Shares of Intel were up 8% as of 10:30 a.m. ET on news that the company has hired bankers to assess options to kick-start growth.
It's been a tough few years for Intel. The once-storied semiconductor maker has lost ground to Nvidia and others, leading to a series of restructuring efforts that so far have not had the desired impact.
Source Fool.com
Intel Corp. Stock
€20.58
2.340%
Our community is currently high on Intel Corp. with 30 Buy predictions and 11 Sell predictions.
With a target price of 38 € there is a hugely positive potential of 84.65% for Intel Corp. compared to the current price of 20.58 €.
