INTC is trading at +5.33% now at $46.27 in pre-market, rebounding from heavy selling driven by weak Q1 guidance and manufacturing shortages, and supported by insider buying.
- CFO David Zinsner purchased 5,882 shares at $42.50 on January 27, signaling strong insider confidence amid the recent volatility.
- The move aligns with broader tech strength, with the Nasdaq up 0.84%.
- Analyst Jim Cramer expressed optimism regarding CEO Lip-Bu Tan's ability to fix operational issues.