Intel Stock Price Levels to Watch After CEO Shakeup
Key Takeaways
- Intel shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped down and will be replaced by a pair of interim co-CEO’s as it searches for a permanent replacement.
- The stock dropped Monday towards the 50-day moving average on the highest volume in more than a month, indicating selling conviction behind the move.
- Investors should watch key support levels on Intel’s chart around $22 and $18.50, while also monitoring resistance levels near $30 and $37.
Intel (INTC) shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped down and will be replaced by a pair of interim co-CEO’s as it searches for a…
