Intel Shares Fall 30%, Potentially Setting a One-Day Loss Record

Intel shares fell as much as 30% Friday, extending an earlier premarket decline of more than 27% and raising the possibility of the largest single-day drop in the chipmaker’s recorded history. Before regular trading, the stock was down more than 27%, a decline that could have been its steepest since 1974. The loss later widened to 30%, extending the fall beyond the premarket reading. The current move could mark Intel’s biggest one-day drop on record, though that outcome remains conditional. The earlier comparison reaches back to 1974, while the latest comparison concerns Intel’s record of daily declines.

Source: TokenPost