Intel's stock price fell by 17%.
On Friday, Intel's stock price plunged by 17%, closing at $45.07; the S&P 500 index was basically flat, at 6915.61 points, while the Dow fell 0.6%, to 49098.71 points. This decline ended the three-day upward trend in the company's stock price. Intel's closing price was down 17.5% from its 52-week high of $54.60 on January 22nd. Compared to some of its industry peers, Intel's stock price performance was poor: NVIDIA's stock price rose 1.5%, closing at $187.67; Broadcom's stock price fell 1.7%, closing at $320.05; Qualcomm's stock price fell 1.25%, closing at $155.82. The stock had a trading volume of 290.4 million shares that day, while the 50-day average trading volume was 92.8 million shares.
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