Intel Just Lost Its Chief Accounting Officer. Is That a Red Flag or a Nonissue for INTC Stock?

In equity markets, stock prices have been the ultimate lead indicator. Therefore, the impact or the real story behind any news is often reflected in the stock price. The resignation of Intel’s (INTC) chief accounting officer, Scott Gawel, can be considered as a potential red flag. 

However, INTC stock is telling a different story. The momentum remains positive and it’s likely that new highs will be scaled in the coming days. The bullish trend is backed by the stellar Q1 results coupled with an optimistic growth outlook. Therefore, the resignation of the CAO seems like a nonissue as markets continue to focus on the growth triggers.