Intel Corp (INTC) Files Form 4 Insider Selling : Venkata S M Renduchintala Sells 17,732 Shares

Intel Corp (INTC): Venkata S M Renduchintala , EVP, Pres Client & IOT & SAG of Intel Corp sold 17,732 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $31.43 per share for a total value of $557,316.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Gregory R Pearson (Sr. VP, GM, Sales & Mktg Grp) sold 42,684 shares at $30.34 per share price.On May 25, 2016, Brian M Krzanich (CEO) sold 71,413 shares at $30.34 per share price.Also, On Apr 28, 2016, William M Holt (Exec VP GM, Tech & Mfg Grp) sold 4,603 shares at $31.35 per share price.On Apr 22, 2016, Andy D Bryant (Chairman) sold 185,740 shares at $31.98 per share price.

Intel Corporation: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Intel Corporation which led to swings in the share price. The shares opened for trading at $31.62 and hit $31.72 on the upside , eventually ending the session at $31.66, with a gain of 0.22% or 0.07 points. The heightened volatility saw the trading volume jump to 1,77,53,532 shares. The 52-week high of the share price is $35.59 and the company has a market cap of $149,499 M . The 52-week low of the share price is at $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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