The Law Offices of Frank R. Cruz Announces Investigation of Intel Corporation (INTC) on Behalf of Investors
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations:
intc.com/investor-relations/default.aspx
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Intel Corporation (“Intel” or the “Company”) (NASDAQ: INTC) on behalf of investors concerning the Company’s possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On April 2, 2024, Intel disclosed that its Foundry segment had experienced an operating loss of $7 billion on sales of $18.9 billion and that approximately 30% of the Company’s wafers are purchased from third party manufacturers. On this news, Intel’s stock price fell $3.61, or 8.2%, to close at $40.33 per share on April 3, 2024, thereby injuring investors.Then, on April 25, 2024, Intel released its first quarter 2024 financial results, disclosing that revenue declined 10% year-over-year to $4.4 billion for its Foundry segment. On this news, Intel’s stock price fell $3.23, or 9.2%, to close at $31.88 per share on April 26, 2024, thereby injuring investors further.Fol
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- 5/7/24 - Form SD
- 5/2/24 - Form 4
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