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Intel Stock Hits 5-year Low in Falling Market

RulerOf (975607) writes | more than 5 years ago

Intel 0

RulerOf (975607) writes "Currently at $16.38 and dropping, shares of Intel stock have officially hit their lowest price since 2003, as reported by Business Week.

From the article:

"The stock, which is a component of the Dow Jones Industrial Average, fell 59 cents, or 3.4 percent, to $16.72 in early afternoon trading. ...Intel's shares are down about 37 percent since the start of the year, a bigger drop than the Dow Jones industrials, which are down about 25.5 percent year-to-date.

While Intel is generally considered a relatively safe bet...it is not immune to a downturn and it[s] stock price has declined amid fears that declining PC demand will mean lower demand for its semiconductors.""

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