Intel Corp’s recently made public that its EVP & GM, CCG Holthaus Michelle Johnston unloaded Company’s shares for reported $0.65 million on Nov 07 ’24. In the deal valued at $26.00 per share,25,000 shares were sold. As a result of this transaction, Holthaus Michelle Johnston now holds 273,258 shares worth roughly $5.51 million.
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Then, Michelle Johnston Holthaus bought 25,000 shares, generating $625,000 in total proceeds.
Before that, GELSINGER PATRICK P bought 11,150 shares. Intel Corp shares valued at $251,198 were divested by the CEO at a price of $22.53 per share. As a result of the transaction, GELSINGER PATRICK P now holds 105,033 shares, worth roughly $2.12 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 Tuesday, Intel Corp [NASDAQ:INTC] saw its stock fall -3.12% to $20.16. Over the last five days, the stock has lost -10.28%. Intel Corp shares have fallen nearly -59.88% since the year began. Nevertheless, the stocks have fallen -52.79% 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 $23.22, while 200 days put it at $29.11.
Levels Of Support And Resistance For INTC Stock
The 24-hour chart illustrates a support level at 19.79, which if violated will result in even more drops to 19.43. On the upside, there is a resistance level at 20.69. A further resistance level may holdings at 21.23. The Relative Strength Index (RSI) on the 14-day chart is 30.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.43%. Stochastics %K at 3.98% indicates the stock is a buying.
How much short interest is there in Intel Corp?
A steep rise in short interest was recorded in Intel Corp stocks on 2024-11-29, growing by 7.9 million shares to a total of 113.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 105.53 million shares. There was a rise of 6.97%, which implies that there is a positive sentiment for the stock.
