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.

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Source Fool.com