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 $650,000 were sold by Holthaus Michelle Johnston on Nov 07 ’24. At $26.00 per share, Holthaus Michelle Johnston sold 25,000 shares. The insider’s holdings dropped to 273,258 shares worth approximately $5.47 million following the completion of this transaction.
Also, Michelle Johnston Holthaus purchased 25,000 shares, netting a total of over 625,000 in proceeds.
Before that, GELSINGER PATRICK P had added 11,150 shares to its account. In a trade valued at $251,198, the CEO bought Intel Corp shares for $22.53 each. Upon closing the transaction, the insider’s holdings increased to 11,150 shares, worth approximately $2.1 million.
As published in a research note from HSBC Securities on January 21, 2025, Intel Corp [INTC] has been rated up from a Reduce to a Hold. Analysts at Mizuho downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 06, 2024, Argus has decreased its “Buy” rating to a “Hold” for INTC. Earlier on August 02, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for INTC stock.
Analyzing INTC Stock Performance
During the last five days, there has been a drop of approximately -7.23%. Over the course of the year, Intel Corp shares have dropped approximately -0.20%. Shares of the company reached a 52-week high of $22.41 on 01/21/25 and a 52-week low of $18.73 on 01/13/25. A 50-day SMA is recorded $21.21, while a 200-day SMA reached $25.48. Nevertheless, trading volume fell to 101.01 million shares from 86.51 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 19.59, which, if violated, would cause prices to drop to 19.18. In the upper region, resistance lies at 20.26. The next price resistance is at 20.52. RSI (Relative Strength Index) is 45.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 65.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
