April Miller Boise sells over $4 million in Intel stock
Updated
Updated · Barron's · May 7
April Miller Boise sells over $4 million in Intel stock
6 articles · Updated · Barron's · May 7
Intel's chief legal officer sold 40,256 shares on 1 May at an average $99.53, weeks before her planned 1 June departure after four years.
The filing said she still held 105,077 shares, worth about $11.9 million at Wednesday's close, after Intel stock surged 114% in April, its best month on record.
The rally was driven by AI-chip demand and strong first-quarter earnings, while Intel's turnaround under CEO Lip-Bu Tan has gained support despite its foundry business remaining unprofitable.
With an executive selling millions in stock, is Intel’s massive AI-driven rally a bubble about to burst?
Can new CEO Lip-Bu Tan's 'Foundry First' strategy truly challenge TSMC's dominance and justify Intel's valuation?
How does the U.S. government's $40 billion stake affect Intel's corporate governance and fair market competition?