Daniel Loeb started to build up the position in Intel in Q4 2020 and continued to invest until Q2 2021. Since then they sold 14 Million shares. The investor completely sold their stake between Q3 2021 and Q4 2021.
Third Point will be a long-term shareholder of Intel, Dan Loeb said in a letter to the hedge fund's investors.
Intel stock price has bounced back in the past few days as investors place their bets on the recovery of the embattled American chip company. The stock has a...