Why Intel Stock Was Slipping Today
Intel(INTC) The Motley Fool·2024-11-05 01:28
The veteran chip stock is losing its membership in the Dow.Shares of Intel (INTC -4.25%) were falling today in response to news after hours on Friday that it would be removed from the Dow Jones Industrial Average and replaced by rival Nvidia.The news was anticipated after Nvidia split its stock in June, but it nonetheless marks the end of an era for Intel, which has been part of the Dow for 25 years.As of 11:16 a.m. ET, shares of Intel were down 3.2% on the news. Intel's retreat continuesIntel's removal fro ...