INTC Stock Alert: What to Know About Intel CEO's Recent Insider Buy

Although down slightly in the pre-market, Intel (NASDAQ:INTC) stock rose yesterday following a much-needed insider buy. The company’s shares are currently trading at prices last seen in late 2012 following a disappointing earnings report.On Aug. 5, CEO Pat Gelsinger purchased 12,500 shares of INTC stock at average per share prices ranging between $19.91 and $20.31. In total, the transaction was worth $251,946 and brought Gelsinger’s stake to 631,307 shares.At the same time, Gelsinger’s insider purchases of ...