Intel Shares Rise, Qualcomm Slides Following Report of Takeover Approach
Shares of Intel rose after Qualcomm made a takeover approach in recent days, The Wall Street Journal reported, citing people familiar with the matter. The stock was up 5.9%, to $22.38, in afternoon trading. Shares are down 58% since the beginning of the year. Qualcomm shares are down 3.7%, to $167.84, but have risen 16% since the start of the year.