Stock will crumble to single digits as many pension funds / hedge funds cannot hold non DOW components - this is a very sad day for Intel. PG legacy
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OP+1: "Pension funds / hedge funds cannot hold non DOW components"
Comically, stupidly wrong. You think hedgies and pension funds can only own a mere 30 of the 10,000+ US listed and US-trading ADR stocks?
Removal from Dow index may be embarrassing for Intel, but essentially a non-event for how the stock is traded and owned by institutional investors.
9/13/2024 !
$13/sh Intc
RIP Folks !
On Going Concern !
Bankruptcy - Liquidation - No Reorg !
Ur Out Su---r !