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Intel Stock Sinks Amid Worries It Could Be Delisted From the Dow
IntelIntel(US:INTC) Investopediaยท2024-09-03 19:05

Group 1 - Intel shares fell over 8% in intraday trading amid concerns about losing its status in the Dow Jones Industrial Average (DJIA) [1] - The stock has declined nearly 60% since the beginning of 2024, making it the worst-performing component of the DJIA [1] - Disappointing second-quarter earnings results last month led to Intel shares reaching their lowest level since 2013 [1] Group 2 - Intel is the lowest-weighted component of the DJIA, accounting for just 0.3% of the index as of last week [2] - The last change in DJIA membership occurred in February when Walgreens Boots Alliance was replaced by Amazon [2] - A spokesperson for S&P Dow Jones Indices did not provide comments regarding Intel's status [2]