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Sell Intel Right Now, Goldman Sachs Says

Brian Sozzi

Goldman Sachs analyst Toshiya Hari lowered his rating on Intel to sell on Friday. As TheStreet reported earlier this week, shares of the chip maker opened below the key 200-day moving average on Monday amid fresh concerns on its leadership and competitive positioning. The stock is only 5% or so away from reaching bear market territory, or off about 20% since a June 1 record high hit weeks before the surprise resignation of Brian Krzanich as CEO due to inappropriate behavior.