Why Intel Stock Rallied Tuesday Morning
The semiconductor specialist plans to raise prices again, sparking an upgrade from Wall Street.
Overview
Shares of Intel (NASDAQ: INTC) climbed out of the gate on Monday, rising as much as 8.6%. As of 11:20 a.m. ET, the stock was still up 8.3%.
The catalyst that drove the semiconductor company higher was a report that it may be raising prices, along with a corresponding upgrade from a Wall Street analyst.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.