Intel (NasdaqNM: INTC) opened at $19.40. So far today, the stock has hit a low of $19.18 and a high of $19.40. INTC is now trading at $19.19, down $.93 (-4.62%). Over the last 52 weeks the stock has ranged from a low of $12.05 to a high of $21.27. INTC shares are falling with other semiconductor stocks this morning after analysts at BofA/Merrill downgraded a number of stocks in the sector, saying in a note to investors that inventory levels are close to eclipsing demand. The analysts added, "we think the longer this persists the greater the risk of a correction in the supply chain." INTC was reduced to Neutral from Buy. Technical indicators for the stock are bullish and S&P gives INTC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on INTC the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 21 range.
well, if in the coming quarters, consumers do not up their demand, I think INTC and TXN can revisit their lows
after all, how many people can you cut and still have a company?
Didnt intel lose a lawsuit to amd?