Intel Corp’s recent filing unveils 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 $5.27 million.
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 $2.03 million.
HSBC Securities upgraded its Intel Corp [INTC] rating to a Hold from a a Reduce in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Neutral”. Argus also remained covering INTC and has decreased its forecast on August 06, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on August 02, 2024. It rated INTC as “a Hold”.
Price Performance Review of INTC
On Tuesday, Intel Corp [NASDAQ:INTC] saw its stock fall -0.46% to $19.29. Over the last five days, the stock has lost -2.58%. Intel Corp shares have fallen nearly -3.79% since the year began. Nevertheless, the stocks have fallen -55.51% over the past one year. While a 52-week high of $46.63 was reached on 01/21/25, a 52-week low of $18.51 was recorded on 01/13/25. SMA at 50 days reached $20.90, while 200 days put it at $25.23.
Levels Of Support And Resistance For INTC Stock
The 24-hour chart illustrates a support level at 19.03, which if violated will result in even more drops to 18.77. On the upside, there is a resistance level at 19.54. A further resistance level may holdings at 19.79. The Relative Strength Index (RSI) on the 14-day chart is 39.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.95%. Stochastics %K at 16.53% 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 2025-01-15, growing by 27.51 million shares to a total of 132.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 105.18 million shares. There was a rise of 20.74%, which implies that there is a positive sentiment for the stock.
