Shares of ailing chipmaker Intel (INTC) haven't participated in the broader market's relief bounce, with shares extending to new lows not seen in nearly five years. Though Intel has a plan to close the gap with its fierce rivals in the semiconductor space, the recent quarterly earnings miss is not doing any good for investor confidence, which continues to deteriorate. With the stock down about 47% from its 2021 high, Intel stock has a lot of negative momentum behind it. Though the valuation is starting to get compelling, Intel stock strikes me as a troubled name that's too hard to back at a time like this.
https://www.tipranks.com/news/article/intel-stock-this-falling-knife-is-too-hard-to-catch?utm_source=advfn.com&utm_medium=referral
Intel (NASDAQ:INTC)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Intel Charts.
Intel (NASDAQ:INTC)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Intel Charts.