Intel $INTC CEO Buys $10M of Stock Around $95 Per Share

Intel $INTC CEO Lip-Bu Tan recently purchased roughly $10 million worth of Intel shares at around $95 per share.
Insiders can sell stock for countless reasons — taxes, diversification, liquidity or personal expenses.
But open-market insider buying sends a very different signal.
Executives generally put their own money into shares because they believe the company is undervalued or its future prospects are stronger than the market currently expects.
A $10 million purchase from Intel’s CEO is a sizable vote of confidence in $INTC.