Intel Corporation (NASDAQ:INTC) shares are trading higher by 2.82% to $30.04 going into the close of Monday’s session. The stock is moving higher after Truist Securities raised its price target from $29 to $33.
What Else?
Intel shares are potentially trading higher in sympathy with major indices amid strength in tech stocks. Additionally, Barclays upgraded its ratings on multiple stocks in the broader semiconsuctor sector. Elliott Management reportedly took a multi-billion dollar stake in Salesforce, lifting market sentiment.
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According to data from Benzinga Pro, Intel Corporation has a 52-week high of $54.08 and a 52-week low of $24.59.
