In a filing, Intel Corp. revealed its CEO GELSINGER PATRICK P acquired Company’s shares for reported $0.12 million on Feb 01 ’24. In the deal valued at $42.74 per share,2,800 shares were bought. As a result of this transaction, GELSINGER PATRICK P now holds 31,275 shares worth roughly $1.12 million.
Then, GELSINGER PATRICK P bought 3,000 shares, generating $130,083 in total proceeds. Upon buying the shares at $43.36, the CEO now owns 28,475 shares.
Before that, GELSINGER PATRICK P bought 6,775 shares. Intel Corp. shares valued at $249,333 were divested by the CEO at a price of $36.80 per share. As a result of the transaction, GELSINGER PATRICK P now holds 25,475 shares, worth roughly $0.91 million.
Wedbush reiterated its Intel Corp. [INTC] rating to a Neutral in a research note published on January 26, 2024; the price target was $40. A number of analysts have revised their coverage, including Truist’s analysts, who remained covering the stock and in late January has reiterated a ‘”a Hold”‘ rating for it. The Benchmark Company also remained covering INTC and reiterated its “Buy” recommendation on January 26, 2024. TD Cowen maintained its rating on January 26, 2024. It rated INTC as “a Market perform”.
Price Performance Review of INTC
On Friday, Intel Corp. [NASDAQ:INTC] saw its stock fall -5.16% to $35.69. Over the last five days, the stock has lost -7.80%. Intel Corp. shares have fallen nearly -28.98% since the year began. Nevertheless, the stocks have risen 11.46% over the past one year. While a 52-week high of $51.28 was reached on 01/25/24, a 52-week low of $26.85 was recorded on 04/12/24. SMA at 50 days reached $42.55, while 200 days put it at $39.83. A total of 79.99 million shares were traded, compared to the trading of 41.91 million shares in the previous session.
Levels Of Support And Resistance For INTC Stock
The 24-hour chart illustrates a support level at 35.30, which if violated will result in even more drops to 34.90. On the upside, there is a resistance level at 36.39. A further resistance level may holdings at 37.09. The Relative Strength Index (RSI) on the 14-day chart is 27.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.13%. Stochastics %K at 3.43% indicates the stock is a buying.
The most recent change occurred on January 26, 2024 when Raymond James resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $52.
