Intel shares are down 59.5% since the end of 2023, making it the Dow’s worst performer and with a dwindling influence in the index.
This story comes from the Portland Business Journal, a KGW news partner. For the full story, click here.
Reports on troubled Intel’s next move continued to percolate over the holiday weekend, and investors on Tuesday appeared to sober up at the company’s prospects.
As the Nasdaq fell 3.3%, Intel shares (Nasdaq: INTC) dropped 8.8%.
That gave back almost all the nearly 10% gain that shares made on Friday after Bloomberg, citing anonymous insiders, reported that Intel was exploring selling
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