Intel Corp. Stock Slips 28.6%, Underperforms Peers

Dow Jones10-31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Intel Corp. cratered 28.6% to $65.76 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.8% to 7,580.07 and Dow Jones Industrial Average falling 1.1% to 51,770.31.

This was the stock's second consecutive day of losses.

Intel Corp. closed 53.8% below its 52-week high of $142.35, which the company reached on June 30th.

The stock underperformed when compared to some of its peers, as NVIDIA Corp. fell 4.2% to $204.64, Broadcom Inc. fell 5.5% to $326.08, and Qualcomm Inc. fell 11.12% to $164.79.

Trading volume totaled 448.3 million, compared to the 50-day average of 100.3 million.

Data source: Dow Jones Market Data, FactSet

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