director Dion Weisler bought more of the chip maker’s stock this week.
Weisler disclosed Friday that he paid $250,000 on Tuesday for 5,147 Intel (ticker: INTC) shares, a per-share average price of $48.57. An Intel director since June 2020, Weisler now owns 17,099 Intel shares, according to a form he filed with the Securities and Exchange Commission.
Intel said Weisler wasn’t available to comment.
(HP) CEO, Weisler disclosed earlier this week that he paid $250,000 on Monday for 5,015 Intel shares, a per-share average price of $49.85. He was among a group of Intel insiders, including CEO Pat Gelsinger, that bought a total of $2.5 million of stock on Monday.
Intel stock is slightly in the red for the year to date, with a 2% loss, compared with a 22% rise in the
S&P 500 index.
Intel’s third quarter results, reported last week, missed sales expectations. The company also said its chief financial officer plans to retire in May. A decline in Intel’s PC business was caused by broader component shortages.
Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.