Why Intel Stock Was Slipping Today
Intel's removal from the Dow doesn't really impact the business, but it will lead exchange-traded funds (ETFs) that track the Dow to sell the stock when the Dow makes the switch on Nov. 8. That's not as significant as being removed from the S&P 500 since not as many ETFs follow the Dow, but it still leads to greater supply and less demand.
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Mizuho has recently reduced Intel Corp (INTC) stock to Neutral rating, as announced on August 8, 2024, according to Finviz. Earlier, on August 6, 2024, Argus had reduced the stock from a Buy to ...
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Like much of the stock market on Wednesday, Intel ( INTC -0.11%) shares soared along with broad gains in tech and chips ...
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