Intel CEO Buys Shares and CVS Health Announces Spin-off Plan
INTC Intel Corp
$58.13 -2.09%
View chart & analysis → - 1Intel CEO Lip-Bu Tan purchased 150,000 shares of Intel on Monday.
- 2CVS Health announced plans on Wednesday to spin off its national retail pharmacy from insurer Aetna and CVS Caremark.
- 3With Intel's stock price falling 50% since late September, Lip-Bu Tan's average purchase price is $64.73.
So what's the key point?
The leader of Intel bought shares of his own company. This is meaningful for investors because the stock price has dropped significantly.
Source CNBC · View original ↗
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