Intel Stock Hasn't Been This Cheap in 10 Years. Is It a Buy?
Intel(INTC) The Motley Fool·2024-11-09 16:20
Despite a 54% haircut, the stock may be fairly valued.Intel (INTC -0.11%) stock delivered decent returns from 2010 through 2020, but over the last five years, its shares have been a lousy investment. The stock started to rebound in 2023 before plunging 54% in 2024. The share price is trading at the lowest level since 2013.Anytime a blue chip stock like Intel, a member of the Dow Jones Industrial Average, falls to multiyear lows, it can be easy to declare the stock "cheap" and buy it hoping for a big rebound ...