Massive insider trading hits Intel amid $3.5 billion government contract
INTCIntel(INTC) Finbold·2024-09-17 20:20

Intel (NASDAQ: INTC) has witnessed a surge in insider stock purchases coinciding with the announcement of a $3.5 billion United States government contract award.The number of shares purchased by insiders skyrocketed to approximately 12,500 in Q3 2024, reflecting a 43% year-over-year growth. In comparison, only 7,009 shares were bought in the same period in 2023, according to data retrieved from the stock market tracking platform Quiver Quantitative on September 17.The spike in insider trading is noteworthy, ...