Intel stock rebounds late after CFO share-buy filing; traders eye supply squeeze and the Fed
Intel shares rose 3.4% to $43.93 in after-hours trading Tuesday after CFO David Zinsner bought 5,882 shares at $42.50, according to a regulatory filing. The move follows a 14% plunge last week after Intel’s weak forecast and ongoing supply constraints. Investors remain focused on whether chip shortages will ease in the coming quarter.