Investment

Intel CEO Pat Gelsinger scoops up $250,000 in stock

1 Mins read

Intel Corp. Chief Executive Pat Gelsinger scooped up nearly $250,000 of his company’s stock Wednesday, according to new disclosures.

Gelsinger purchased 3,400 shares of Intel
INTC,
+1.07%
at an average price of $36.79 Wednesday while buying another 3,375 at an average price of $36.82, a filing from late Thursday shows.

The open-market purchases were made through a Gelsinger family trust that now owns 25,475 shares of Intel. He owns 37,722 shares directly and vastly more through other trusts listed on the latest Form 4 filing with the Securities and Exchange Commission; FactSet lists his ownership at upward of 500,000 shares.

Gelsinger’s purchase “reflects his confidence in Intel’s long-term strategy and transformation,” an Intel spokesperson told MarketWatch.

Intel shares have gained in each of the past five full sessions, including when they soared 9.3% last Friday in the wake of the company’s earnings report, and they’re on track for another day of gains this Friday. But they’re still off almost 45% from their recent 2021 peak of $68.26.

See also: Intel’s stock powers toward best day in a year. Here’s why skeptics still have concerns.

Read the full article here

Related posts
Investment

The winner of EA’s ‘Madden’ videogame tournament will get more prize money than the NFL’s Super Bowl champions

1 Mins read
Last Updated: March 3, 2025 at 10:21 p.m. ETFirst Published: March 3, 2025 at 4:58 p.m. ET Kids who are obsessed with football may…
Investment

AMC’s most liquid bond is rallying following the movie-theater chain’s fourth-quarter results

1 Mins read
Published: Feb. 27, 2025 at 1:23 p.m. ET AMC Entertainment Holdings Inc.’s most liquid bond rallied this week, lifted by better-than-expected fourth-quarter revenue…
Investment

The world’s biggest dividend has just been cut. Here’s why.

1 Mins read
Published: March 4, 2025 at 3:51 a.m. ET Saudi Arabian Oil Co. has slashed its massive dividend payout — the world’s biggest —…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *