Intel Shares Drop
Digest more
Intel shares are trading marginally lower Monday. The stock is digesting significant gains fueled by reports that the Trump administration is exploring a direct financial stake.
In a just-breaking development, Bloomberg reports the Trump administration may take a 10% stake in Intel ( INTC -3.71%) -- which perversely is down 3.9% on the news, at least as of 12:35 p.m. ET. Probably not the reaction that either the Trump administration or Intel itself anticipated.
President Trump had urged CEO Lip-Bu Tan to step down over his past ties with China. But the narrative flipped last week after a highly positive White House meeting
The last year hasn’t been anything short of a rollercoaster ride for Intel (INTC). It has been a soap opera of sorts, oscillating between horror and suspense for investors. The most recent addition to the saga is a report that the U.
Shares of Intel (INTC) were on track to snap six days of gains, as the stock fell more than 2.7% to $23.92 in Monday afternoon trade.
Despite the rocky relationship between President Donald Trump and CEO Lip-Bu Tan, the government is reportedly eyeing a stake in Intel.
Shares of Intel (NASDAQ: INTC) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) was up 1%, and the Nasdaq-100 was up 0.5%.
Intel shares surged after-hours following reports of a potential Trump administration investment to revive its Ohio chip factory, as analysts weigh both the strategic boost and risks amid executive challenges and competitive pressures.
Options traders are still targeting INTC, with overall options volume running at double the intraday average volume. So far, 776,000 calls have been exchanged in comparison to 353,000 puts. The weekly 8/22 25-strike call is the most popular, with new positions being bought to open there.