Intel Stock Has Moved an Average of 16% the Day After Its Last 3 Reports. Should You Buy Before the Next One?
Intel shares rose 24% the day after its April report, its strongest single-day gain since 1987. Its third-quarter outlook projected adjusted earnings per share of $0.38, down from $0.42 in the second quarter.
Why it matters — INTC watchers may note the sharp post-report move alongside the lower adjusted earnings-per-share outlook for the next quarter.