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MarketBeat
MarketBeat
Business
Gabriel Osorio-Mazilli

Intel Stock Surges on New CEO – The Real Story Runs Deeper

[content-module:CompanyOverview|NASDAQ:INTC]

When investors spot a great company to buy at an even greater price, they should know that a few unexpected things might happen shortly after. If they did, in fact, choose the right investment, they won’t be the only ones in the market going after it, which is why there are often sudden announcements around the company that send it rallying out of the blue, but that often feels like a plan beforehand.t

Everyone has seen it, from takeover announcements to surprise earnings results or even a new appointment to the management team. Today, investors can see this happening in shares of Intel Co. (NASDAQ: INTC), as the company announced a new CEO to run the company after Pat Gelsinger, its former leader, stepped down recently.

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