The chip maker's stock has gained more than 40% so far in 2023 after dropping 49% in 2022. CEO Pat Gelsinger bought $250,000 of shares of chip maker Intel...
Intel stock has surged this year, and CEO Pat Gelsinger recently bought up a large block of the chip maker’s shares on the open market.
Gelsinger paid $250,000 over Oct. 31 and Nov. 1 for a total of 6,775 Intel shares, an average price of $36.80 each. According to a form he filed with the Securities and Exchange Commission, Gelsinger made the purchases through a family trust that now owns 25,475 Intel shares.
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