Intel stock price: INTC slips in premarket after DA Davidson calls turnaround a “show me” story
Intel shares fell 1.2% to $45.93 in premarket trading Friday after DA Davidson initiated coverage at Neutral with a $45 target, citing skepticism over the company’s turnaround. The drop followed a 3.75% decline Thursday, outpacing other chip stocks. Traders awaited January CPI data due at 8:30 a.m. ET, with economists expecting a 0.3% monthly rise. Tech stocks broadly slid Thursday, with the Nasdaq down over 2%.