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Bouvel Investment Partners LLC cut its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 37.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,704 shares of the chip maker
Intel has shed a fifth of its value since September while burning through billions in its foundry division, and the round-number level traders have been watching now sits within arm's reach of the after-hours price.
Intel experienced negative pressure and intraday volatility from broader semiconductor sector profit-taking.Investors trimmed exposure ahead of upcoming quarterly financial results and demanding expectations.Technical indicators show a neutral MACD, neutral RSI, and oversold Williams %R.