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Intel (INTC.US) Faces Potential Removal From DJIA Constituents With 60% Stock Plunge This Yr
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Intel (INTC.US) fell 8.8% overnight (3 September), bringing its total decline this year to 60% and making it the worst performer among the DJIA constituents. Analysts and investors predicted that Intel will be removed from the DJIA constituents. Carson Group's chief market strategist Ryan Detrick noted that removing Intel could be a lengthy process, and that the company's latest results might be the final push needed for its removal from the index. Stock price is a key factor for inclusion in the DJIA. The Dow's selection committee monitors whether the highest-priced stocks in the index are more than ten times the lowest-priced stocks. Currently, the highest-priced stock among the DJIA constituents is UnitedHealth (UNH.US), which is around 29 times the stock price of Intel. NVIDIA (NVDA.US) might replace Intel as a DJIA constituent with a surge of over 160% in its stock price this year, said Gabelli Funds. However, some investors believe that NVIDIA's stock might be too volatile for the DJIA, which typically prefers more stable stocks. They consider Texas Instruments (TXN.US) as another potential replacement for Intel. AAStocks Financial News |
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