CEO Lip Bu-Tan Just Gave Intel a $10 Million Vote of Confidence
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The post CEO Lip Bu-Tan Just Gave Intel a $10 Million Vote of Confidence appeared first on 24/7 Wall St..
Insider buying tends to cluster in one of two places: distressed stocks trading for pennies on the dollar, or beaten-down names an executive believes the market has mispriced. It rarely shows up in a stock that has already tripled. Yet last Tuesday, Intel (NASDAQ:INTC) CEO Lip-Bu Tan did exactly that, purchasing shares in the open market after his company’s stock had already run higher
Insider buying tends to cluster in one of two places: distressed stocks trading for pennies on the dollar, or beaten-down names an executive believes the market has mispriced. It rarely shows up in a stock that has already tripled. Yet last Tuesday, Intel (NASDAQ:INTC) CEO Lip-Bu Tan did exactly that, purchasing shares in the open market after his company’s stock had already run higher
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