Why Intel Stock Keeps Falling
Shares of beleaguered semiconductor giant Intel (NASDAQ: INTC) tumbled for a fourth straight day on Friday, falling 2.3% through 10:15 a.m. ET as investors continue to digest the news that Intel lost $7 billion building semiconductor chips for its competitors last year. And Wall Street isn't helping matters much.
Adding insult to injury, this morning, investment bank Bernstein commented that there is "no real reason to [own Intel stock] until 2030."
Why is Bernstein pouring salt into the wounds of investors, who've already suffered a 13% loss on Intel stock so far this week?
Source Fool.com
Intel Corp. Stock
€30.66
1.120%
Our community is currently high on Intel Corp. with 25 Buy predictions and 12 Sell predictions.
With a target price of 37 € there is a positive potential of 20.68% for Intel Corp. compared to the current price of 30.66 €.
