Intel Shares Pull Back as Goldman Sachs Initiates Coverage With Neutral Rating

Intel (INTC) shares rose and then retreated on June 26, with the pullback linked to new analyst coverage and broader market conditions. According to BlockBeats On-chain Detection, monitoring data showed Intel declined 6.6% over the past 24 hours on Hyperliquid, trading at $127. The move followed Goldman Sachs’ first-time coverage of Intel with a “neutral” rating, citing a forward price-to-earnings ratio above 133. The report also highlighted market concerns about execution, including expectations that meaningful mass production for Apple-related foundry work may still be 2–3 years away. The decline occurred as the PCE indicator pushed to elevated levels and as the AI sector saw profit-taking. During the pullback, a trader known for building positions from about $30,000 saw unrealized gains on an Intel long position shrink to $1.47 million from $1.7 million, while still remaining the largest winner among Intel traders on the platform. The trader’s position, using 10x leverage with an average entry price of $65.3, had not been closed and remained fully open. On-chain positioning data showed the overall average entry price for shorts was about $125.06, which was surpassed by the latest price move, leaving many short positions in profit. The overall average entry price for longs was about $108.62, still below the current price. The nearest long liquidation level was cited at $106.63, about 17.3% below the current price, while the nearest short liquidation level was $165.06, about 28% above it.