Intel Shares Surge As Reuters Reports Hedge Fund Third Point Urges Company To Explore “Deal Options” 

Intel Corp shares have surged more than 4% after hedge fund Third Point urges the semiconductor company to explore deal options, reported Reuters.

The news was enough to lift iShares PHLX Semiconductor ETF SOXX (which has a 7.55% weighting in the ETF basket) up 1% but still down .4% on the session following news Senate Majority Leader Mitch McConnell blocked Senate Minority Leader Chuck Schumer attempt to fast-track $2k stimulus checks.

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