Intel Shares Dip: Chip Giant Closes Lower Despite Midday Rally

Intel Corp (NASDAQ: INTC) shares experienced a slight pullback on Tuesday, April 11th, closing the regular trading session in negative territory despite an attempt to rally earlier in the day.

The semiconductor giant’s stock finished the main session at 0.14, or 0.70%, compared to the previous day’s close of $19.88. Trading officially closed at 8:00 pm GMT-4. In after-hours trading, the stock saw a further slight decline, trading down $0.10 (0.51%) to $19.64.

The day’s trading for Intel saw some significant swings. The stock opened at $19.24 and dropped to an intraday low of $18.18 shortly after the market opened. However, it recovered throughout the morning and afternoon, reaching an intraday high of $19.80 shortly before 4:00 pm, before fading into the close.

Despite the day’s loss, the closing price remains above its 52-week low of $17.66. However, it is considerably off its 52-week high of $37.16. Based on the closing price, Intel maintains a substantial market capitalization and offers a dividend yield of 2.53%.