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 Corp. shares valued at $125,674 were purchased by GELSINGER PATRICK P on Apr 29 ’24. At $31.42 per share, GELSINGER PATRICK P acquired 4,000 shares. The insider’s holdings grew to 35,275 shares worth approximately $1.07 million following the completion of this transaction.
Also, GELSINGER PATRICK P purchased 2,800 shares, netting a total of over 119,671 in proceeds. Following the buying of shares at $42.74 each, the insider now holds 31,275 shares.
Before that, GELSINGER PATRICK P had added 3,000 shares to its account. In a trade valued at $130,083, the CEO bought Intel Corp. shares for $43.36 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $0.86 million.
As published in a research note from TD Cowen on April 26, 2024, Intel Corp. [INTC] has been retained to a Hold and the price target has been revised to $35. Analysts at Evercore ISI started covering the stock with ‘”an In-line”‘ outlook in a report released in mid April. As of April 15, 2024, Citigroup has reiterated its “Neutral” rating for INTC. Earlier on January 26, 2024, Wedbush resumed its rating. Their recommendation was “a Neutral” for INTC stock.
Analyzing INTC Stock Performance
During the last five days, there has been a drop of approximately -11.97%. Over the course of the year, Intel Corp. shares have dropped approximately -39.56%. Shares of the company reached a 52-week high of $50.30 on 01/25/24 and a 52-week low of $30.02 on 05/01/24. A 50-day SMA is recorded $40.08, while a 200-day SMA reached $39.87. Nevertheless, trading volume fell to 58.36 million shares from 72.35 million shares the previous day.
Support And Resistance Levels for Intel Corp. (INTC)
According to the 24-hour chart, there is a support level at 29.92, which, if violated, would cause prices to drop to 29.46. In the upper region, resistance lies at 30.93. The next price resistance is at 31.49. RSI (Relative Strength Index) is 21.17 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.24, which suggests the price will decrease in the coming days. Percent R is at 94.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
