Intel Corp. Stock Falls Friday, Underperforms Market
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Shares of Intel Corp. (INTC) shed 1.51% to $31.34 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.11% to 4,298.86 and the Dow Jones Industrial Average rising 0.13% to 33,876.78.
The stock's fall snapped a three-day winning streak.
Intel Corp. closed $9.39 short of its 52-week high ($40.73), which the company reached on July 19th.
The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. (NVDA) rose 0.68% to $387.70.
Trading volume (40.1 M) remained 3.2 million below its 50-day average volume of 43.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 9, 2023.
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June 09, 2023 16:38 ET (20:38 GMT)
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