Intel CEO Pat Gelsinger Buys Up Intel, Mobileye Stock

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Intel


CEO Pat Gelsinger recently has been buying up shares of the chip giant that he helms, but he has spent far more for shares of recently spun-off


Mobileye


which is developing autonomous driving technologies.

Gelsinger paid $2.5 million on Oct. 28 for 120,000 Mobileye (ticker: MBLY) shares at the IPO price of $21 each, according to a filing with the Securities and Exchange Commission. Gelsinger serves as Mobileye’s chairman. He also paid a tenth of that, $250,000, on Oct. 31 for 8,830 Intel shares (INTC), an average price of $28.16 each. Gelsinger now owns 96,049 Intel shares directly, and another 266,530 shares through trusts.



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