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 $251,946 were purchased by GELSINGER PATRICK P on Aug 05 ’24. At $20.16 per share, GELSINGER PATRICK P acquired 12,500 shares. The insider’s holdings grew to 37,975 shares worth approximately $0.83 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, GELSINGER PATRICK P purchased 4,100 shares, netting a total of over 124,173 in proceeds. Following the buying of shares at $30.29 each, the insider now holds 39,375 shares.
Before that, GELSINGER PATRICK P had added 4,000 shares to its account. In a trade valued at $125,674, the CEO bought Intel Corp. shares for $31.42 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $0.78 million.
As published in a research note from Mizuho on August 08, 2024, Intel Corp. [INTC] has been rated down from an Outperform to a Neutral and the price target has been revised to $22 from $36. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of August 02, 2024, TD Cowen has reiterated its “Hold” rating for INTC. Earlier on August 02, 2024, The Benchmark Company downgraded its rating. Their new recommendation was “a Hold” for INTC stock which previously was a “a Buy”.
Analyzing INTC Stock Performance
During the last five days, there has been a drop of approximately -1.48%. Over the course of the year, Intel Corp. shares have dropped approximately -56.26%. Nevertheless, trading volume fell to 45.43 million shares from 50.16 million shares the previous day.
Support And Resistance Levels for Intel Corp. (INTC)
RSI (Relative Strength Index) is 45.04 on the 14-day chart, showing neutral technical sentiment.
