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Shares of Intel Corp. (INTC) slid 1.20% to $28.87 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,158.77 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
This was the stock's second consecutive day of losses.
Intel Corp. closed $16.06 short of its 52-week high ($44.93), which the company reached on June 1st.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 3.30% to $301.78.
Trading volume (41.6 M) remained 1.9 million below its 50-day average volume of 43.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 17:02 ET (21:02 GMT)
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