Why Intel Stock Slipped on Monday
Shares of Intel (NASDAQ: INTC) fell as much as 5% on Monday and, as of this writing, were down only about 3.2%. There didn't appear to be any new company-specific announcement driving the move. Rather, the decline appears to be a breather after a sharp September rally.
Image source: Getty Images.
One fresh input was a tempered analyst view for the stock: An analyst from Deutsche Bank reiterated a hold rating while setting a $30 price target (up from his previous target but still lower than where shares trade today). With the target below the current stock price, that stance can temper near-term enthusiasm and invite some profit-taking.
Source Fool.com
Intel Corp. Stock
€33.61
6.990%
Our community is currently low on Intel Corp. with 11 Buy predictions and 19 Sell predictions.
A potential of -34.53%, resulting from comparing the current price of 33.61 € with the target price of 22 € for Intel Corp., shows the chance of incurring significant losses.
