Bloomberg is reporting that the Trump administration is looking to take a 10% stake in Intel. This is a follow-up to the late last week's story of an investment by the US.
Shares of Intel are currently trading down $0.61 or -2.63% at $23.92. At the high price last on Friday, the price extended up to $25.65. The high price today was at $24.90.
The high for the year was reached back in February at $27.55. The low was in April at $17.70.
Technically the news last week push the price away from its 100 and 200 day moving averages at $21.26 and $21.67 respectively. That tilts the short-term bias to the upside but there is more work to do to increase the bullish bias after the sharp move lower in 2024 that took the price down from a high of $51.28.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about bloomberg trump administration looking to take a 10 stake in intel was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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