Intel Shares Slip Despite Bank of America Upgrade Amid Thin Holiday Trading
Intel Corporation (INTC) closed Monday's session down nearly 3% at $36.37, underperforming both the broader market and semiconductor peers like Nvidia and Broadcom. A modest 0.22% after-hours rebound to $36.45 failed to offset the decline, highlighting persistent stock-specific weakness.
Bank of America's upgrade to Overweight provided limited support, citing balance sheet improvements and positive cash flow. Trading volumes remained subdued at 48 million shares, well below recent averages, as holiday-thinned liquidity amplified price swings. The stock now sits 17% below early-December highs despite fundamental progress.
The semiconductor giant's struggle to maintain momentum comes amid cautious market positioning ahead of key economic data releases. Tuesday's trading could see heightened volatility as participants return from holiday observances.
