Why Intel Stock Is Sinking Today
Intel stock is losing ground today following skeptical coverage from Bank of America (BofA) analysts. The chip specialist's share price had climbed yesterday following news that CEO Pat Gelsinger would be resigning, but BofA's analysts raised concerns about the company's path going forward.
Intel's stock ends lower despite initial upbeat reaction to CEO exit
Intel's stock closed fractionally lower on Monday, despite rising as much as 5.9% earlier in the session on news that Pat Gelsinger is out as CEO. The stock's reversal perhaps signals an investor understanding that Intel's problems are deeper than its leadership.
Intel's recent struggles include suspending dividends, delaying factory construction, and drastic cost-cutting measures. Read ...
Super Micro stock rises sharply after the server maker says it completed an investigation into accounting issues and found no ...
After Intel (INTC) announced the “unexpected” retirement of CEO Pat Gelsinger, BofA said the transition “does not come as a complete surprise” ...
Semiconductor stocks were mostly mixed on Tuesday as sector investors digested the latest news out of Intel (INTC) and ...
(Reuters) -Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround ...
Robert W. Baird analyst Tristan Gerra maintained a Hold rating on Intel (INTC – Research Report) today and set a price target of $25.00.Don't ...
There's just one more hour to go in the first trading session of December. Julie Hyman and Josh Lipton have investors covered ...
NEW YORK — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. The Standard & Poor’s 500 ...
Shares in the carmaker, which makes Chryslers and Jeeps, tumbled over 8% in Milan after Chief Executive Carlos Tavares [stepped down]( ...
Cyber Monday's deals are hitting all the best bits of hardware, and Intel's flagship processor, the i9-14900K, has had a ...
The S&P 500 went up 14.77 points or 0.2% to close at 6047.15, a record closing high. It is the index's 54th record close of ...
Intel (INTC) has begun shortlisting a “handful” of potential candidates for the CEO role, including former board member Lip-Bu Tan, who left in ...
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