INSIDER ACTIVITY ALERT
Intel CEO Pat Gelsinger and Chairman Omar Ishrak were part of a group of insiders who bought stock when it dipped in late October. Last week, both men bought more Intel stock as shares edged lower.
On Tuesday, Gelsinger paid $247,890 for 5,600 shares, a per-share average price of $44.27. That day, Ishrak paid $ 497,323 that day for 11,025 shares, an average price of $45.11 each. Gelsinger now owns 268,947 Intel shares and Ishrak owns 46,224 shares.
A former Intel bear upgraded the stock to Market Perform from Underperform last week. Raymond James analyst Chris Caso thinks his bearish thesis has played out.
Gelsinger told us earlier this month that Intel can be the stock market's “next great growth story.”
Intel didn't respond to a request to make Gelsinger and Ishrak available for comment.
https://www.sec.gov/Archives/edgar/data/50863/000112760222006567/xslF345X03/form4.xml
https://www.sec.gov/Archives/edgar/data/50863/000112760222006568/xslF345X03/form4.xml
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