Why Intel Stock Zoomed Higher on Monday
Intel(US:INTC) The Motley Foolยท2024-05-13 22:42News of a change in leadership at a crucial division gave a bit of zip to the shares.Intel (INTC 2.21%), which hopes to regain its once-powerful position on the chip market, has made an important hire for a critical manufacturing unit. It chose a veteran in that industry, and investors rewarded the company by pushing its stock more than 2% higher on Monday. That performance looked good when compared to the flat trajectory of the S&P 500 index on the day.A new head of an important business unitThat hire is K ...