Gelsinger paid $252,000 on Aug. 5 for 12,500 $Intel(INTC)$ shares, an average price of $20.16. You may think that $25k is no big money.
But his persistence can't be ignored. Intel CEO continues to buy the stock in the past 4 years.
Some investors view this a bullish signal. One WSB user said that,
There are two reasons to explain people's buying and selling.
Reasons to sell: 1) they want to not lose money 2) they want to shift resources elsewhere
Reasons to buy: 1) they want to make money
Another US investor said that,
Intel's potential failure poses a national security risk due to reliance on foreign fabs, making it a long-term buy.
However, others believe Intel CEO's stock purchase is just like we buy peanuts in the store.
Intel's CEO buying minimal shares while selling awards and giving himself a raise isn't a strong bullish signal.
It mirrors tactics like those seen at CVNA, where executives bought small amounts while profiting massively from covid bull market.
Another notable CEO stock trade is $NVIDIA Corp(NVDA)$’s CEO sale in recent months. Click to learn more: Is Jensen's Stock Sale Similar to Musk's Action in 2022?
How do you view $Intel(INTC)$ CEO’s continous buying?
Is it a bullish signal or not?
Should we take CEO’s buying or selling seriously?
Leave your comments and also post to win tiger coins~
Comments
CEO buying is good but preferably if CEO is also founder, not parachute in one... Again, must check company track record and moat. For INTC, the party's over.
Intel shares had their biggest drop since 1974 after the chipmaker reported a big miss on earnings in the June quarter and said it would lay off more than 15% of its employees. The stock is trading at its lowest since 2013.