Investing in Intel Corporation (INTC): What You Must Know


In a filing, Intel Corporation revealed its CEO GELSINGER PATRICK P acquired Company’s shares for reported $0.25 million on Feb 23. In the deal valued at $25.68 per share,9,700 shares were bought. As a result of this transaction, GELSINGER PATRICK P now holds 18,700 shares worth roughly $ 0.51 million.

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Then, Holthaus Michelle Johnston sold 695 shares, generating $18,465 in total proceeds. Upon selling the shares at $26.57, the EVP & GM, CCG now owns 181,039 shares.

Before that, GELSINGER PATRICK P bought 9,000 shares. Intel Corporation shares valued at $250,449 were divested by the CEO at a price of $27.83 per share. As a result of the transaction, GELSINGER PATRICK P now holds 9,000 shares, worth roughly $0.24 million.

PT values the company’s stock at a premium of 9.27 to its Friday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late February from “an Underweight” to “an Equal-weight”. Truist also remained covering INTC and reiterated its “Hold” recommendation on January 23, 2023. Susquehanna maintained its rating on January 23, 2023. It rated INTC as “a Negative”.

Price Performance Review of INTC

On Friday, Intel Corporation [NASDAQ:INTC] saw its stock jump 2.95% to $27.22. On the same session, the stock had its day’s lowest price of $26.315, but rose to a high of $27.52. Over the last five days, the stock has gained 3.11%. Intel Corporation shares have risen nearly 2.99% since the year began. Nevertheless, the stocks have fallen -42.85% over the past one year. While a 52-week high of $52.51 was reached on 02/03/23, a 52-week low of $24.59 was recorded on 02/28/23. SMA at 50 days reached $27.85, while 200 days put it at $31.46. A total of 65.11 million shares were traded, compared to the trading of 54.89 million shares in the previous session.

Levels Of Support And Resistance For INTC Stock

The 24-hour chart illustrates a support level at 26.52, which if violated will result in even more drops to 25.81. On the upside, there is a resistance level at 27.72. A further resistance level may holdings at 28.22. The Relative Strength Index (RSI) on the 14-day chart is 52.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.75%. Stochastics %K at 56.99% indicates the stock is a holding.

How much short interest is there in Intel Corporation?

A steep rise in short interest was recorded in Intel Corporation stocks on Jan 12, 2023, dropping by -9.51 million shares to a total of 63.73 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 73.24 million shares. There was a decline of -14.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.54% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.77.

Intel Corporation [INTC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 349,469,601 shares, or roughly 8.45% of the outstanding INTC shares. In other words, the investor’s shares have risen by 4,966,256 from its previous 13-F filing of 344503345.0. Additionally, BlackRock Fund Advisors decreased -6.51% of its stake after which the total value it holdings stand at $5,312,718,445, while SSgA Funds Management, Inc. reduced -1.34% of its stake to hold $4.43 billion in the firm. Over the last quarter, Geode Capital Management LLC purchased 816,749 shares of Intel Corporation, while Capital Research & Management Co bought -3,850,357 shares. At present, PRIMECAP Management Co. is holding 56,571,961 shares valued at $1.41 billion. Northern Trust Investments, Inc. owned 41,633,932 shares of the company at the time of its most recent 13F filing, worth $1.04 billion.


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