-3.12% to $87.26 from $90.07
What moved INTC
- Intel stock fell back below $90, dropping under the $95-per-share price at which the company sold $20 billion in new shares on August 12, leaving buyers from that offering underwater.
- Intel’s share of the x86 CPU market fell below 70% for the first time since 1995, with first-quarter server-CPU share dropping to 54.9% from 64.4% a year earlier as AMD and Arm Holdings gained ground.
- Rep. Nancy Pelosi disclosed purchases of 10,000 Intel shares plus 50 call options even as the stock struggled to reclaim $100, a timing that FX Leaders described as counterintuitive given the company’s market-share and dilution pressures.
Sources: Eastern Herald · FX Leaders
+0.97% to $103.49 from $102.50
What moved INTC
- Intel shares rose after CEO Lip-Bu Tan disclosed a roughly $10 million purchase of 105,263 shares at $95 apiece.
- The purchase, made through Tan’s family trust, was part of Intel’s upsized $20 billion stock offering; Tan was not required to participate but did so at full market price with no discount.
- The purchase lifted Tan’s total beneficial ownership to roughly 1.33 million shares.
Sources: CNBC · Benzinga · TipRanks
+0.19% to $97.71 from $97.52
What moved INTC
- Intel priced an underwritten public offering of 210.5 million shares at $95 apiece, upsizing the deal to $20 billion from a previously announced $15 billion.
- The offering attracted more than $100 billion in investor demand.
- Intel said net proceeds of about $19.7 billion will help finance capital expenditures as it expands its manufacturing footprint.
- The offering is expected to close on August 12, 2026.
Sources: Bloomberg · TradingKey · Yahoo Finance