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Chris Markoch

Gelsinger Gone: What Intel’s Big Move Means for INTC Stock

Intel Corporation Patrick Gelsinger INTC

Intel Corp. (NASDAQ: INTC) stock is down an additional 5.8% the day after the company announced that Pat Gelsinger was stepping down as chief executive officer (CEO) effective immediately. A pair of interim CEOs will run Intel as the board undertakes an executive search.  

After initially surging after the announcement, the stock has fallen 7.6% as of midday trading on December 3. INTC stock is a better trade than an investment at the moment, but is there a path in which Intel could become a value on the dip? 

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