Published on 10 Apr 2024 on Zacks via Yahoo Finance
Is Trending Stock Intel Corporation (INTC) a Buy Now?
Intel (INTC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this world's largest chipmaker have returned -15.3%, compared to the Zacks S&P 500 composite's +1.8% change. During this period, the Zacks Semiconductor - General industry, which Intel falls in, has lost 3.1%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.