Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.85 million following the completion of this transaction.
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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 $0.79 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 surge of approximately 1.46%. Over the course of the year, Intel Corp. shares have dropped approximately -55.62%. Shares of the company reached a 52-week high of $50.30 on 01/25/24 and a 52-week low of $18.51 on 09/10/24. A 50-day SMA is recorded $21.69, while a 200-day SMA reached $32.03. Nevertheless, trading volume fell to 50.58 million shares from 83.42 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 22.06, which, if violated, would cause prices to drop to 21.83. In the upper region, resistance lies at 22.73. The next price resistance is at 23.17. RSI (Relative Strength Index) is 47.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 67.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
