Intel stock (NASDAQ
NDAQ
INTC
Amid this financial backdrop, Intel’s stock performance has been challenging. INTC stock has suffered a sharp decline of 30% from levels of $50 in early January 2021 to around $35 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the decrease in INTC stock has been far from consistent. Returns for the stock were 3% in 2021, -49% in 2022, and 40% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 – indicating an underperformance for the ticker in 2021 and 2022.
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