$Intel (INTC.US)$ shares rose 9.49% Friday to close at $22.04. Its options trading volume was 1.18 million. Call contracts account for 71.8% of the total trading volume.
Intel experienced a notable surge, climbing 9.9% to reach an intraday high of $22.12, following a report by Bloomberg News. The report, which cited "unnamed sources," mentioned that Intel is actively collaborating with financial giants Morgan Stanley and Goldman Sachs. According to these anonymous sources, Intel is exploring a variety of strategic alternatives. These include potential mergers and acquisitions (M&A), a division of its product-design and manufacturing operations, or possibly abandoning certain factory projects.
Bloomberg News reported that Intel's management anticipates discussing these options with the company's board in the coming month. This strategic reassessment follows a significant decline in Intel's share value, hitting its lowest point since 2013 after the company reported disappointing earnings earlier in the month.
Conclusion: Intel to reach $23 or higher when market open on Monday.
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