In a filing, Intel Corp. revealed its CEO GELSINGER PATRICK P acquired Company’s shares for reported $0.12 million on May 01 ’24. In the deal valued at $30.29 per share,4,100 shares were bought. As a result of this transaction, GELSINGER PATRICK P now holds 39,375 shares worth roughly $1.2 million.
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Then, GELSINGER PATRICK P bought 4,000 shares, generating $125,674 in total proceeds. Upon buying the shares at $31.42, the CEO now owns 35,275 shares.
Before that, GELSINGER PATRICK P bought 2,800 shares. Intel Corp. shares valued at $119,671 were divested by the CEO at a price of $42.74 per share. As a result of the transaction, GELSINGER PATRICK P now holds 31,275 shares, worth roughly $0.95 million.
Wolfe Research upgraded its Intel Corp. [INTC] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid May with a ‘”a Hold”‘ rating. TD Cowen also remained covering INTC and reiterated its “Hold” recommendation on April 26, 2024. Evercore ISI started covering the stock on April 16, 2024. It rated INTC as “an In-line”.
Price Performance Review of INTC
On Friday, Intel Corp. [NASDAQ:INTC] saw its stock fall -0.03% to $30.45. Over the last five days, the stock has lost -0.94%. Intel Corp. shares have fallen nearly -39.40% since the year began. Nevertheless, the stocks have fallen -14.42% over the past one year. While a 52-week high of $51.28 was reached on 01/25/24, a 52-week low of $29.73 was recorded on 05/08/24. SMA at 50 days reached $32.38, while 200 days put it at $39.33. A total of 27.32 million shares were traded, compared to the trading of 33.79 million shares in the previous session.
Levels Of Support And Resistance For INTC Stock
The 24-hour chart illustrates a support level at 30.25, which if violated will result in even more drops to 30.06. On the upside, there is a resistance level at 30.60. A further resistance level may holdings at 30.76. The Relative Strength Index (RSI) on the 14-day chart is 42.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.88%. Stochastics %K at 39.75% indicates the stock is a holding.
The most recent change occurred on April 15, 2024 when Citigroup resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $40.
