Intel Corp (INTC) Files Form 4 Insider Selling : Brian M Krzanich Sells 71,413 Shares

Intel Corp (INTC): Brian M Krzanich , CEO of Intel Corp sold 71,413 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $32.73 per share for a total value of $2,337,609.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Brian M Krzanich (CEO) sold 71,413 shares at $32.73 per share price.On Jun 2, 2016, Venkata S M Renduchintala (EVP, Pres Client & IOT & SAG) sold 17,732 shares at $31.43 per share price.Also, On May 25, 2016, Gregory R Pearson (Sr. VP, GM, Sales & Mktg Grp) sold 42,684 shares at $30.34 per share price.On Apr 28, 2016, William M Holt (Exec VP GM, Tech & Mfg Grp) sold 4,603 shares at $31.35 per share price.

Shares of Intel Corporation (INTC) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.07 points or -0.21% at $32.68 with 2,01,07,191 shares getting traded. Post opening the session at $32.5, the shares hit an intraday low of $32.455 and an intraday high of $32.73 and the price vacillated in this range throughout the day. The company has a market cap of $154,315 M and the number of outstanding shares has been calculated to be 4,72,20,00,000 shares. The 52-week high of Intel Corporation is $35.59 and the 52-week low is $24.87.

Intel Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Intel Corporation is Initiated by Credit Agricole to Underperform and the brokerage firm has set the Price Target at $30. The Rating was issued on May 17, 2016.Intel Corporation is Downgraded by Northland Capital to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 20, 2016.Intel Corporation is Reiterated by Jefferies to Buy and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $39 .The Rating was issued on Apr 20, 2016.Intel Corporation is Reiterated by Cowen to Market Perform while Lowering the Price Target of the company shares to $ 32 from a previous price target of $33 . The Rating was issued on Apr 20, 2016.Intel Corporation is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 39 from a previous price target of $41 . The Rating was issued on Apr 15, 2016.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs) original design manufacturers (ODMs) and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Company’s operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.

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