Intel (INTC) Stock: $65.09 in Monday’s First Session…
By Tobi Opeyemi Amure
AI summary of the source article
Intel traded down 1.02% at $65.09 in pre-market trading following a 28.58% drop on Friday. The decline followed fourth-quarter revenue guidance of $15 billion to $16 billion, missing expectations.
Why it matters
The volume matters as much as the price. More than 5 million shares changed hands before the cash session, a heavy pre-market for any stock. That is consistent with funds still reducing positions after a 45 percent October, rather than a quiet weekend reset.
Key facts
- Intel shares fell 28.58% on Friday to $65.76 and traded at $65.09 in Monday pre-market trading.
- Fourth-quarter revenue was guided to $15-$16 billion versus roughly $17.1 billion expected, with non-GAAP gross margin guided down to 38.0%.
- Bank of America, Seaport, and Roth downgraded Intel to Neutral, while KGI Securities upgraded it to Outperform.
Source excerpt · FinanceFeeds
Updated 2 November 2026, before the US open. Intel (INTC) traded at $65.09 in Monday's pre-market at 8:09 am ET, down 1.02 percent from Friday's $65.76 close, on 5.37 million shares already (Nasdaq). Public.com showed the same level, $65.12. Friday's 28.58 percent fall was the worst day since 1974 (Yahoo Finance), and the first full session after it opens with no bounce priced in. Verdict: the pre…