Intel Stock Drops 7.24% in Four Days, Trading Volume Ranks 31st as Investors Await Earnings Call
1min read On April 21, 2025, intel (INTC) experienced a 0.48% decline, marking its fourth consecutive day of losses, with a total decrease of 7.24% over the past four days. The trading volume for the day was 13.44 billion, ranking 31st in the market.
Intel's upcoming earnings call, scheduled for later this week, will be the first for new CEO Lip-Bu Tan. Analysts are more focused on the company's 'Foundry Day' event next week, which is seen as a potential catalyst for significant developments.
Tan is expected to outline his strategic vision and address how the company will navigate the challenges posed by Trump tariffs during the first-quarter earnings announcement on April 24. This event will be closely watched as it marks the first quarterly financial report under Tan's leadership.
Cantor Fitzgerald has lowered its price target for Intel shares to $20, reflecting a more cautious outlook ahead of the earnings call. The firm anticipates that Intel may use this opportunity to reset expectations in light of current market challenges.
