Why Intel Stock Slumped on Tuesday
Onetime investor favorite (NASDAQ: INTC) took another in a series of hits on Tuesday, with an analyst's new and more bearish take on its prospects.
Already beaten down in price, Intel's shares sagged by 1.4% on the day. This compared unfavorably to the slightly over 1% gain of the S 500 index it's a part of.
That researcher was Argus' Jim Kelleher, who now feels Intel is only a hold. Prior to that, Kelleher's recommendation on the chipmaker was buy.
Source Fool.com
Intel Corp. Stock
€18.85
4.080%
Our community is currently high on Intel Corp. with 24 Buy predictions and 17 Sell predictions.
With a target price of 38 € there is potential for a 101.63% increase which would mean more than doubling the current price of 18.85 € for Intel Corp..
