Intel stock spikes after report of possible US government stake
The sales were conducted under a Rule 10b5-1 trading plan, which was adopted by Schwab-Pomerantz on August 14, 2024. InvestingPro analysis indicates the stock is currently in oversold territory, with a strong three-month performance and a 36-year track record of consistent dividend payments. Following these transactions, Schwab-Pomerantz holds 1,588,793.6599 shares indirectly through a trust and 534,529 shares indirectly through her spouse as trustee. Additionally, she holds 8,162 shares directly and 2,798 shares indirectly through an LLC.
The sales were conducted under a Rule 10b5-1 trading plan, which was adopted by Schwab-Pomerantz on August 14, 2024. InvestingPro analysis indicates the stock is currently in oversold territory, with a strong three-month performance and a 36-year track record of consistent dividend payments. Following these transactions, Schwab-Pomerantz holds 1,588,793.6599 shares indirectly through a trust and 534,529 shares indirectly through her spouse as trustee. Additionally, she holds 8,162 shares directly and 2,798 shares indirectly through an LLC.
In other recent news, Charles Schwab (NYSE:SCHW) Corporation reported significant growth in core net new assets, which reached $28.8 billion, a 17% rise from the previous month. The company's total client assets increased to $10.31 trillion, and the firm revised its full-year net revenue growth forecast to between 3.0% and 3.5%. Barclays (LON:BARC) analyst Benjamin Budish upgraded Charles Schwab's stock from Equal Weight to Overweight and raised the price target to $95, reflecting a positive outlook on the company's ability to reduce debt and improve cash balances. Citi analysts noted robust trading activity and margin balance growth, but pointed out that net new assets were below projections. Analysts from TD Cowen and Keefe, Bruyette & Woods, however, noted some aspects of the company's financial performance did not meet their expectations. These are recent developments for Charles Schwab Corporation.
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