
Intel (NASDAQ:INTC) Shares Gap Down - Time to Sell?

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Intel (NASDAQ: INTC) shares gapped down from $20.75 to $20.27 before trading on Friday, closing at $20.64. Analysts have lowered their price targets, with Wells Fargo reducing it from $28 to $25 and Truist from $22 to $21. Five analysts rated the stock as a sell, while 27 rated it as hold. The company reported a loss of $0.02 per share, missing estimates. Institutional investors hold 64.53% of the stock, with significant recent acquisitions. Intel's market cap is $89.37 billion, and it has a negative return on equity of 3.27%.
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