According to Simplywall.st's Stock Analysis, Intel's insiders have bought US$4.6 million worth of the stock at an average buy price of US$30.23 over the last year. However, the stock's price has continuallysliding down. While insider transactions are not themost important thing when it come to long-term investing, it would be foolish to ignore insider transactions altogether.
In the last twelve months, the biggest single purchase by an insider was when Director Lip-Bu Tan bought USD$1.5 million worth of shares at a price of USD$29.49 per share. That means that an Insider was happy to buy shares at above the current priceof USD$25.14. It is note-worthy when insiders have purchased shares at above current prices, as it suggests they believe the shares were worth buying, even at a higher price.
Furthermore, in the last twelve months Intel insiders were buying Intel shares, but no selling. That shows some commitment and optimism about the company's future.
It is certainly positive to see the recent insider purchases of Intel stock. There is confidence from the longer term picture of insider purchases. Insiders likely see value in Intel shares that is undisputed.
πππππππππππππππ
The above information is for reference.
Do DYODD before making any trade.
Good Luck. πππππππ
@MillionaireTiger @Tiger_chat @TigerStars
I would like to invite you to share your additional tips in the comment box below.
Please tap "Like" for this post. Thank you. Your "Like" is important.
You are welcome to tap "Repost/ Share" this post.
Comments