Intel Posts Best Week Since 2000 on Reports of Partnership
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Intel Corp. shares closed out their best week in 25 years on Friday. The gains came on reports of a potential partnership with a key rival, which fueled bets on a turnaround after an extended period of weakness.
The stock fell 2.2% on Friday but rose 23.6% on the week, its biggest one-week jump since January 2000. At its peak, the gain neared 32%, which would have been the best week for the stock in its more-than-40-year history, according to data compiled by Bloomberg that goes back to 1982.