A company insider recently bought 5,500 shares of Intel Corporation [INTC]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Intel Corporation shares valued at $246,014 were purchased by Zinsner David on May 03. At $44.73 per share, Zinsner David acquired 5,500 shares. The insider’s holdings grew to 8,803 shares worth approximately $0.31 million following the completion of this transaction.

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Also, GELSINGER PATRICK P purchased 5,500 shares, netting a total of over 245,184 in proceeds. Following the buying of shares at $44.58 each, the insider now holds 16,983 shares.

Before that, ISHRAK OMAR had added 11,025 shares to its account. In a trade valued at $497,323, the Director bought Intel Corporation shares for $45.11 each. Upon closing the transaction, the insider’s holdings increased to 11,025 shares, worth approximately $1.65 million.

As published in a research note from DZ Bank on August 02, 2022, Intel Corporation [INTC] has been rated down from a Hold to a Sell and the price target has been revised to $30. This represents a -18.87% premium over Thursday’s closing price. Analysts at Susquehanna downgraded the stock from ‘”a Neutral”‘ to ‘”a Negative”‘ outlook in a report released in late July. As of July 29, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for INTC. Earlier on July 13, 2022, Susquehanna resumed its rating. Their recommendation was “a Neutral” for INTC stock.

Analyzing INTC’s Price Performance

On Thursday, Intel Corporation [NASDAQ: INTC] plunged -2.35% to $35.66. The stock’s lowest price that day was $35.36, but it reached a high of $36.10 in the same session. During the last five days, there has been a drop of approximately -10.20%. Over the course of the year, Intel Corporation shares have dropped approximately -30.76%. Shares of the company reached a 52-week high of $56.28 on 01/12/22 and a 52-week low of $35.24 on 07/29/22. A 50-day SMA is recorded $39.19, while a 200-day SMA reached $46.48. Nevertheless, trading volume fell to 53.72 million shares from 59.51 million shares the previous day.

Support And Resistance Levels for Intel Corporation (INTC)

According to the 24-hour chart, there is a support level at 35.31, which, if violated, would cause prices to drop to 34.97. In the upper region, resistance lies at 36.05. The next price resistance is at 36.45. RSI (Relative Strength Index) is 37.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.42, which suggests the price will decrease in the coming days. Percent R is at 92.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Intel Corporation subject to short interest?

Stocks of Intel Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -9.03 million shares to 70.01 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 79.04 million shares. A decline of -12.9% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.02 of the overall float, the days-to-cover ratio (short ratio) decline to 2.02.

Which companies own the most shares of Intel Corporation (INTC)?

According to The Vanguard Group, Inc. filings, the company currently owns 333,192,090 shares, which is about 8.15% of the total INTC shares outstanding. The investor’s shares have appreciated by 5,339,679 from its previous 13-F filing of 327852411.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $8,423,314,460. SSgA Funds Management, Inc. acquire a 1.06% interest valued at $6.7 billion while Capital Research & Management Co sold a -7,022,117 stake. A total of -708,358 shares of Intel Corporation were sold by Geode Capital Management LLC during the quarter, and -1,308,301 were sold by Northern Trust Investments, Inc. In its current portfolio, PRIMECAP Management Co. holds 43,253,961 shares valued at $1.62 billion.

In terms of Intel Corporation share price expectations, FactSet research, analysts set an average price target of $39.16 in the next 12 months, up nearly 4.05% from the previous closing price of $36.52. Analysts anticipate Intel Corporation stock to reach $67.10 by 2022, with the lowest price target being $20.00. In spite of this, 37 analysts ranked Intel Corporation stock as a Hold at the end of 2022. On March 03, 2022, Morgan Stanley assigned a price target of “an Underweight” to the stock and downgraded coverage with a $47.


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