Intel Shares Fell on Monday and GE Stock Keeps on Keeping On
Intel shares weren’t looking too hot on Monday after closing down around 4%. The move comes after an Apple announcement regarding plans of new semiconductors aimed at outperforming Intel’s fastest chips.
Since the beginning of the year, Intel shares have fallen 13.1%. Comparatively, Apple shares have had a stellar year and climbed 66.5% during the same period.
GE shares are just a few cents away from breaching the $11 mark. If successful, this would be the first time the stock trades above $11 in nine months.
After soaring over 35% in the month of November, the most since January of 1972, the company’s shares have continued its rise since the beginning of December. In the last 4 days alone, the stock has bumped up 8.8%.
Do you have GE on your watchlist?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.