Why Intel Shares Are Moving Higher Today
INTCIntel(INTC) The Motley Fool·2024-08-30 22:51

Management has hired bankers to explore options for the troubled chipmaker.Intel (INTC 9.64%) has been moving in the wrong direction so far in 2024, with the stock losing more than half its value year to date.Management is reportedly open to radical steps to reverse the decline, and investors are taking notice. Shares of Intel were up 8% as of 10:30 a.m. ET on news that the company has hired bankers to assess options to kick-start growth.Is a breakup in the cards?It's been a tough few years for Intel. The o ...