Intel CEO Pat Gelsinger and CFO David Zinsner Buy Up Stock

Two of


Intel


‘s top executives just bought up shares of the chip maker on the open market after the company issued disappointing guidance. They’ve done it before.

Intel


(ticker: INTC) CEO Pat Gelsinger paid $250,000 on Jan. 31 for 9,000 shares, an average price of $27.83 each. According to a form he filed with the Securities and Exchange Commission, Gelsinger made the purchase through a family trust. Apart from those just-purchased shares, Gelsinger also owns 30,124 Intel shares in a personal account, and 361,099 shares through other trusts.