Investing in Intel Corp. (INTC) Is Getting More Attractive

In a filing, Intel Corp. revealed its CEO GELSINGER PATRICK P acquired Company’s shares for reported $0.25 million on Nov 01. In the deal valued at $36.80 per share,6,775 shares were bought. As a result of this transaction, GELSINGER PATRICK P now holds 25,475 shares worth roughly $1.12 million.

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Then, Holthaus Michelle Johnston sold 1 shares, generating $32 in total proceeds. Upon selling the shares at $32.41, the EVP & GM, CCG now owns 193,955 shares.

Before that, GELSINGER PATRICK P bought 3,850 shares. Intel Corp. shares valued at $133,343 were divested by the CEO at a price of $34.63 per share. As a result of the transaction, GELSINGER PATRICK P now holds 105,495 shares, worth roughly $4.62 million.

Wedbush reiterated its Intel Corp. [INTC] rating to a Neutral in a research note published On Monday, January 26, 2024; the price target was $40.

Price Performance Review of INTC

On Monday, Intel Corp. [NASDAQ:INTC] saw its stock jump 0.44% to $43.84. Over the last five days, the stock has lost -9.08%. Intel Corp. shares have fallen nearly -12.76% since the year began. Nevertheless, the stocks have risen 45.70% over the past one year. While a 52-week high of $51.28 was reached on 01/25/24, a 52-week low of $24.73 was recorded on 01/29/24. SMA at 50 days reached $45.88, while 200 days put it at $36.85. A total of 51.2 million shares were traded, compared to the trading of 127.67 million shares in the previous session.

Levels Of Support And Resistance For INTC Stock

The 24-hour chart illustrates a support level at 43.10, which if violated will result in even more drops to 42.37. On the upside, there is a resistance level at 44.28. A further resistance level may holdings at 44.73. The Relative Strength Index (RSI) on the 14-day chart is 38.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.25%. Stochastics %K at 33.98% indicates the stock is a holding.

How much short interest is there in Intel Corp.?

A steep rise in short interest was recorded in Intel Corp. stocks on Jan 11, 2024, dropping by -15.4 million shares to a total of 62.29 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 77.69 million shares. There was a decline of -24.72%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.48% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.56.

Intel Corp. [INTC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 363,840,812 shares, or roughly 8.63% of the outstanding INTC shares. In other words, the investor’s shares have risen by 2,078,412 from its previous 13-F filing of 361762400.0.. Over the last quarter, Capital Research & Management Co purchased 24,349,192 shares of Intel Corp., while Geode Capital Management LLC bought 1,883,391 shares. At present, Capital Research & Management Co is holding 75,219,668 shares valued at $3.78 billion. PRIMECAP Management Co. owned 74,762,291 shares of the company at the time of its most recent 13F filing, worth $3.76 billion.

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