Intel Corp.’s recent filing unveils that its CEO GELSINGER PATRICK P acquired Company’s shares for reported $0.25 million on Aug 05 ’24. In the deal valued at $20.16 per share,12,500 shares were bought. As a result of this transaction, GELSINGER PATRICK P now holds 37,975 shares worth roughly $0.86 million.
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Then, GELSINGER PATRICK P bought 4,100 shares, generating $124,173 in total proceeds. Upon buying the shares at $30.29, the CEO now owns 39,375 shares.
Before that, GELSINGER PATRICK P bought 4,000 shares. Intel Corp. shares valued at $125,674 were divested by the CEO at a price of $31.42 per share. As a result of the transaction, GELSINGER PATRICK P now holds 35,275 shares, worth roughly $0.8 million.
Mizuho downgraded its Intel Corp. [INTC] rating to a Neutral from a an Outperform in a research note published on August 08, 2024; the price target was decreased to $22 from $36. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. TD Cowen also remained covering INTC and reiterated its “Hold” recommendation on August 02, 2024. The Benchmark Company revised its rating on August 02, 2024. It rated INTC as “a Hold” which previously was an “a Buy”.
Price Performance Review of INTC
On Friday, Intel Corp. [NASDAQ:INTC] saw its stock jump 1.47% to $22.77. Over the last five days, the stock has lost -3.35%. Intel Corp. shares have fallen nearly -54.69% since the year began. Nevertheless, the stocks have fallen -36.11% over the past one year. While a 52-week high of $51.28 was reached on 01/25/24, a 52-week low of $18.51 was recorded on 09/10/24. SMA at 50 days reached $21.36, while 200 days put it at $33.03.
Levels Of Support And Resistance For INTC Stock
The 24-hour chart illustrates a support level at 22.57, which if violated will result in even more drops to 22.38. On the upside, there is a resistance level at 22.89. A further resistance level may holdings at 23.02. The Relative Strength Index (RSI) on the 14-day chart is 52.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.39%. Stochastics %K at 35.96% 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 2024-09-30, growing by 9.52 million shares to a total of 117.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 108.16 million shares. There was a rise of 8.09%, which implies that there is a positive sentiment for the stock.
