On September 28, Intel fell 3.47% in regular trading, trading at approximately $117.61 per share, with turnover of $16.61 billion. The stock had already dropped over 3% in pre-market trading and continued to slide through the regular session.
On the news front, Intel recently announced another round of layoffs, this time targeting manufacturing and operations divisions. The cuts are permanent position eliminations rather than temporary adjustments, marking the company's latest move in an ongoing effort to streamline its organizational structure and optimize production capacity. Intel has been pushing internal reforms in recent years, trimming redundant layers, compressing management tiers, and refocusing resources on high-value core businesses.
Adding to the pressure, the options market recently saw a $9.58 million dual-sell in-the-money Call position alongside a synthetic short combination, signaling clearly bearish sentiment driven by structured strategies among large-block traders.
Within the Semiconductor sector, performance was mixed. Among individual stocks, NVIDIA up 3.39%, Micron Technology down 1.74%, Advanced Micro Devices down 2.50%, Broadcom down 0.03%, Marvell Technology down 2.44%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)