Intel's Stock Extends Rally, But Still Below Last Month's Highs
Despite the excitement surrounding Intel's new CEO, the company's stock price remains below the year-to-date highs seen in February.
Key Takeaways
- Intel's stock is on a five-day winning streak, up 30% over the stretch.
- The rally is largely attributed to the appointment of Lip-Bu Tan as the new CEO.
- Despite the recent gains, Intel's stock hasn't reached February's highs.
Analysis
Intel Corp. shares are continuing their rally on Tuesday and heading for a notable five-day streak.
Most of that came since the company named Lip-Bu Tan as its new chief executive after Wednesday’s market close.