Why Intel Stock Zoomed Almost 5% Higher on Monday

Eric Volkman, The Motley Fool
·2 min read
Why Intel Stock Zoomed Almost 5% Higher on Monday

Incumbent chip maker Intel (NASDAQ: INTC), a banner victim of this year's tech stock sell-off, had an unusually good Monday. The company's shares rose by almost 5% on the day, due in part to a general rebound of tech titles generally and chip makers specifically, and partly due to a looming divestment. After market hours on Friday, Intel's assisted- and autonomous-driving tech unit Mobileye filed a prospectus for an initial public offering (IPO).

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