Intel Shares Fall 25.8% to $68.32 in Friday Premarket Trading
Photo: TokenPost
Intel shares fell 25.8% in premarket trading Friday, reaching $68.32 before the U.S. stock market opened. The price was an early-session quote for Intel (INTC), rather than a closing level, and came during a broad retreat in technology-linked markets. Intel shares had reached $132.63 in premarket trading in May. Earlier gains followed strong second-quarter results, third-quarter guidance that exceeded expectations and an Apple partnership. In August, the company expanded its stock issuance, with capital spending and possible shareholder dilution emerging as concerns around the move. Other sectors also weakened Friday, including semiconductors, memory, optical communications and crypto-linked equities.
Source: TokenPost
