INTC is trading at 3.5% down now at $39.07 after a sharp multi-day rally and amid mixed semiconductor sector headlines. The current decline appears to be driven primarily by profit-taking and strategic positioning ahead of the upcoming Fed decision.
- The stock experienced a significant surge earlier this month, climbing from $40.01 on December 1 to a high of $43.76 on December 3 before the current pullback.
- The current price movement is not attributed to any clear, stock-specific negative catalyst reported so far.