Intel’s Top Executives Bought Up the Sliding Stock

Intel stock slid on the last trading day of April, after the company provided disappointing fiancial forecasts. On the first two trading days of May, CEO Pat Gelsinger and Chief Financial Officer David Zinsner bought the dip.

Intel (ticker: INTC) stock is down 9.6% year to date, about even with the S&P 500 index . The company’s first-quarter report was strong, but the outlook for revenue in the second quarter was lower than expected. Intel cited weaker consumer demand for personal computers and macroeconomic uncertainty for…

William Murphy

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