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Intel Stock Sinks Amid Worries It Could Be Delisted From the Dow

Intel headquarters

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Key Takeaways

  • Intel shares tumbled Tuesday amid worries the stock could be in danger of losing its status as a member of the Dow Jones Industrial Average (DJIA).
  • The chipmaker's stock has fallen nearly 60% since the start of the year, making it the DJIA's worst-performing component.
  • Disappointing second-quarter earnings results last month sent Intel shares to their lowest level since 2013.

Intel (INTC) shares tumbled over 8% in intraday trading Tuesday amid worries the chipmaker could be in danger of losing its status as a member of the 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average.

The company was one of the first tech companies to join the 30-stock index in 1999, but last month's 澳洲幸运5开奖号码历史查询:disappointing second-quarter e𝄹arnings re🎀sults sent shares to their lowest level since 2013. The stock is the🍰 worst-perfo✃rming constituent of the DJIA this year, with shares down nearly 60% from the start of 2024.

The DJIA is a price-weighted index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange and the Nasdaq. Intel is the lowest-weighted component of the index, making up just 0.3% of the ꧅DJIA as of last last week. 

The last time DJIA membership changed was in February, when Walgreens Boots Alliance (WBA) was 澳洲幸运5开奖号码历史查询:replaced by Amazon (AMZN).

A spokesperson for S&P Dow Jones Indices declined to comment on Intel’s status.

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