Intel Corporation (NASDAQ:INTC) among with a host of supplier companies in the PC market are having a difficult time after growth rates of PCs diminished. Reports suggest that smartphone and tablet usage has already overtaken PCs. Many of the companies, including Intel, missed trends suggesting that smartphones could overtake PCs for general computing needs. Intel is now trying to enter this segment aggressively through its Broxton mobile processor. Intel Corporation (NASDAQ:INTC) stock opened at $24.58 in last session, and closed at $24.75, while the day range of INTC stock is $24.41-24.76.The stock showed a positive weekly performance of 2.25%.
Pixelworks (NASDAQ:PXLW) CEO Bruce A. Walicek unloaded 20,078 shares of the stock on the open market in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $4.95, for a total transaction of $99,386.10. Following the transaction, the chief executive officer now directly owns 487,705 shares in the company, valued at approximately $2,414,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission. Pixelworks, Inc. (NASDAQ:PXLW) stock opened at $4.85, in last session and closed at $4.90, by gained 1.03%. The 52 week range of $2.11-6.42.Company’s market capitalization is $107.66 million.
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