Stocks in unusual movements | Initiating company-wide layoffs Intel (INTC.US) surged over 5.7%

According to the Securities Times app, on Tuesday, the stock price of Intel (INTC.US) rose, as of the time of writing, the stock price rose by more than 5.7% to $23.265. On the news front, Intel initiated company-wide layoffs yesterday, notifying employees one by one whether they are affected, with the overall scale of layoffs numbering in the thousands. In addition, Citigroup raised Intel's target price from $21 to $24 and maintained a "neutral" rating.