Intel Stocks Pullback: Analysis and Expectations

Intel Corporation (NASDAQ: INTC) shares gave back previous gains during intraday trading on Friday, following a pullback. This occurred during the period when the established chipmaker announced its financial results.

Bernstein managing director and senior analyst Stacy Rasgon notes that although he raised the price target for the stock, it remains performing in line with the market. Rasgon shares detailed analyses on why Intel shares reversed direction after reporting its quarterly results.