BUZZ-Intel slides to one-month low amid search for new CEO

Reuters01:49

** Shares of Intel down 5.9% at $22.53 on Tues, lowest since Nov 5, a day after embattled chipmaker ousted CEO Pat Gelsinger after less than four years in the role

** INTC shares on course for biggest one-day pct loss since Sept 3, when they declined 8.8% ** Intel's CEO-shortlist candidates include former board member Lip-Bu Tan, sources familiar with the matter told Reuters ** This as Gelsinger's removal raises doubts whether his ambitious revival plan is still on track, while some Wall Street analysts view Intel's story set for a downward spiral

** Avg rating among 46 analysts is "hold" with $25 median PT, per LSEG data

** With move on the session, INTC shares down 55% YTD vs Philadelphia semiconductor index's 20% gain

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))

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