Bloomberg: Trump administration trying to take a 10% stake in Intel

Bloomberg is reporting that the Trump administration is trying to take a 10% stake in Intel. It is a follow-up to the late final week’s story of an funding by the US.

Shares of Intel are presently buying and selling down $zero.61 or -2.63% at $23.92. On the excessive value final on Friday, the value prolonged as much as $25.65. The excessive value right this moment was at $24.90.

The excessive for the yr was reached again in February at $27.55. The low was in April at $17.70.

Technically the information final week push the value away from its 100 and 200 day transferring averages at $21.26 and $21.67 respectively. That tilts the short-term bias to the upside however there’s extra work to do to extend the bullish bias after the sharp transfer decrease in 2024 that took the value down from a excessive of $51.28.

This text was written by Emma Wang at investinglive.com.