NEW YORK, USA – Shares of semiconductor giant Intel Corp (NASDAQ: INTC) experienced a significant decline during Thursday’s trading session, raising eyebrows across the tech sector. The stock closed the official market day on April 25th at $20.05 USD, marking a substantial drop.
Investors saw Intel’s stock price fall by $1.44, representing a steep 6.70% decrease compared to its previous close of $21.49. This sharp downward movement positions the stock closer to its 52-week low.
Trading activity for INTC on Thursday showed volatility. The stock opened the session lower at $19.73, dipped to a low of $19.34, and reached an intraday high of $20.18 before settling at the $20.05 closing price.
Minor movement was observed in after-hours trading, with the price hovering around $20.02, a slight dip of 0.15% from the official close.
This recent price action brings Intel significantly below its 52-week high of $37.16, while nearing the lower end of its range, with the 52-week low recorded at $17.66.
Other key metrics highlighted include a dividend yield of 2.49%, offering some return to shareholders even amidst the price pressure. Notably, the P/E ratio is currently listed as non-applicable (‘-‘), often indicating negative earnings per share in the relevant period. The market capitalization stands at 8.74KCr according to the source data.
Investors and market analysts are closely watching Intel’s performance following this notable single-day slide on the NASDAQ exchange.
