Why Intel Stock Surged Today
Shares of Intel (NASDAQ: INTC) rose sharply on Wednesday after the chipmaker announced a leadership change. As of 12:20 p.m. EST, Intel's stock price was up more than 7% after rising as much as 13.2% earlier in the day.
Intel CEO Bob Swan will step down on Feb. 15 and be replaced by VMWare CEO Pat Gelsinger.
Source Fool.com