Intel Corp. stock falls Wednesday, underperforms market

Intel Corp. stock falls Wednesday, underperforms market

Shares of Intel Corp. INTC, 0.23% slid 1.58% to $64.19 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, 0.62% rising 0.16% to 33,730.89 and the S&P 500 Index SPX, 0.64% falling 0.41% to 4,124.66. This was the stock’s third consecutive day of losses. Intel Corp. closed $4.30 below its 52-week high ($68.49), which the company achieved on April 12th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as NVIDIA Corp. NVDA, 4.39% fell 2.57% to $611.08, Texas Instruments Inc. TXN, 0.56% fell 0.48% to $190.33, and Qualcomm Inc. QCOM, 1.31% fell 1.86% to $134.75. Trading volume (25.6 M) remained 4.7 million below its 50-day average volume of 30.3 M.

Share:
error: Content is protected !!