Intel Stock Shareholders Vote Against C-Suite Compensation

Intel stock is fresh off a recent 4-year low

Deputy Editor
May 17, 2022 at 10:03 AM
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Intel Corporation (NASDAQ:INTC) is making headlines, after shareholders voted against the company's compensation for its top executives. The vote occurred last week, and was revealed in a regulatory filing published yesterday. The announcement puts the spotlight on CEO Pat Gelsinger and his $43.5 billion revival plan for the blue-chip tech giant. 

At last glance, INTC was up 1.4% to trade at $43.08. The stock is continuing its small bounce off its May 12, 4-year low of $42.01. However, several short- and long-term moving averages linger above as potential resistance, including the 20-day trendline. Year-to-date, the equity is down 15.3%. 

The majority of analysts are bearish on Intel stock. Of the 19 in coverage, 16 carry a "hold" or worse rating. 

Options traders have been more bearish than usual too, though calls are still winning out on an absolute basis. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), INTC's 10-day put/call volume ratio of 0.61 sits higher than 90% of readings from the past year. 

 

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