SANTA CLARA, Calif. – Shares of semiconductor heavyweight Intel Corp (NASDAQ: INTC) were trading lower late in the Wednesday afternoon session, struggling to regain ground after significant morning volatility.
As of 3:00 PM GMT-4 on April 17th, Intel stock was priced at $18.96 USD. This represents a decline of $0.27, or 1.43%, for the trading day, placing it below the previous closing price of $19.23.
The chipmaker’s stock experienced notable swings during the session. It opened slightly lower at $18.91 and reached an intraday high of $19.10 early on. However, selling pressure mounted, pushing the shares down to a low of $18.56 around midday. While the stock has climbed off those lows in the subsequent hours, it remained in negative territory as the session neared its close.
Intel, a cornerstone of the semiconductor industry listed on the NASDAQ, saw its recovery efforts stall below the previous day’s close. Market participants continue to assess the dynamics affecting the chip sector and broader technology stocks.
