Intel stock gains with change of authorities

Intel Corporation (NASDAQ: INTL) yesterday announced that David Zinsner has been appointed as the company’s executive vice president and chief financial officer (CFO). The act will be on effect from January 17, 2022. The INTL stock gained after the announcement. Today also the ‘green’ movement is carried forward.

INTL stock performance

The INTL stock gained 3.31% and closed at $55.21 yesterday. The stock had closed at $53.44 day before yesterday. Therefore, the INTL shares gained 1.77 points in yesterday’s trading session.

The INTL stock traded at $55.675 ( up by 0.465 points and gained 0.84% at 1:30 p.m. ET today. The market capitalization stood at $226.7 billion. Today’s high was $55.99, indicating an increase of 1.41% from its previous close. The share volume traded for the INTL stock today was 22,975,927, fairly less than the average share volume of 32,500,935.

CEO’s Statement

“Dave is a proven finance leader, who brings a unique combination of strategic thought, deep knowledge of semiconductors and manufacturing, capital allocation discipline, and a track record of value creation for shareholders. I look forward to partnering with Dave as we continue to execute our strategy to usher in a new era of innovation and achieve our goal of unquestioned leadership in every category in which we compete.”

-said Pat Gelsinger, Intel CEO
Future CFO’s Statement

“I am excited to join Intel, a company I’ve long admired with a storied history of innovation and technology leadership. Intel’s scale, re-invigorated culture and depth of technical talent positions the company to capitalize on the unprecedented demand for semiconductors across the globe. I look forward to working with Pat and the rest of the leadership team to help drive the IDM 2.0 strategy forward and create long-term value for shareholders.”

– said David Zinsner, CFO of Intel from January 17, 2022

It would intriguing to watch if the stocks gain further or fail to do so.

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