Intel Stock Pops as Restructuring Plan Targets 20% Staff Cut

Core Viewpoint - Intel Corp is experiencing a significant stock movement, with a 5.6% increase in pre-market trading following reports of planned layoffs exceeding 20% of its workforce as part of a restructuring effort under new CEO Lip-Bu Tan [1] Group 1: Stock Performance - Intel stock has declined 14.1% this month but is attempting a rebound, aiming to open above the $20 level, which may help erase its 2.7% year-to-date deficit [2] - Despite a steep 43.3% loss over the last 12 months, the current surge may assist in reclaiming support at its short-term 10-day moving average [2] Group 2: Options Trading - The news of layoffs could lead options traders to unwind some bearish positions, as Intel's 10-day put/call volume ratio is in the 76th percentile of its annual range, indicating a higher-than-usual appetite for puts recently [3] Group 3: Analyst Sentiment - Analyst sentiment is poised for a potential shift, with 31 out of 36 brokerages maintaining "hold" ratings and four labeling it a "strong sell," suggesting that upgrades could provide additional support if Wall Street responds positively to the restructuring plan [4]