Two of Intel ‘s top executives just bought up shares of the chip maker on the open market after the company issued disappointing guidance. They’ve done it before.
Intel (ticker: INTC) CEO Pat Gelsinger paid $250,000 on Jan. 31 for 9,000 shares, an average price of $27.83 each. According to a form he filed with the Securities and Exchange Commission, Gelsinger made the purchase through a family trust. Apart from those just-purchased shares, Gelsinger also owns 30,124 Intel shares in a personal account, and 361,099 shares through other trusts.
Source: finance.yahoo.com