Why Intel Stock Fell 17% in December

Shares of Intel (NASDAQ: INTC) were spiraling again last month as the surprise "retirement" of former CEO Pat Gelsinger offered more evidence of the disarray the company is in as it struggles to keep pace in the booming chip sector.Investors have grasped on to hopes of a recovery, but the CEO ouster is the latest evidence of steep challenges at a time when the company can ill afford to fall behind.As a result, the stock finished the month down 17%, according to data from S&P Global Market Intelligence. As you can see from the chart, the stock plunged shortly after the CEO announcement, and stayed down from there, falling again after the Federal Reserve trimmed its rate-cut forecast for 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool