Intel's Stock Recovers Amidst Dow Boot Concerns
INTC Plunges Nearly 30% After Cost Reduction Plan Announcement
Shareholders Worry About Delisting from Dow Jones Industrial Average
Intel Corporation's stock price (INTC) experienced a surge in intraday levels as it attempted to recover from a significant drop. The company's shares had plummeted nearly 30% after announcing a substantial cost reduction plan that raised concerns among investors.
Analysts are closely monitoring the situation, with some expressing concern that Intel may be at risk of being removed from the Dow Jones Industrial Average (DJIA). This could further impact the company's stock performance.
According to a recent survey of 28 analysts, the average price target for INTC over the next twelve months is $32.92. However, the highest price target is $62.00, indicating a wide range of potential outcomes.
In the previous month, Intel's stock saw a high number of short positions, with 76.28 million shares shorted. This bearish sentiment among investors could contribute to further volatility in the coming weeks.
تعليقات