Unless the dumbfock has zero faith and confidence in his own company.
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He sold because he is a sociopathic moronic idiot out for himself alone, and thought he wouldn't get caught. He cares absolutely nothing for the company's future as long as he can profit from it at present. Complete disregard for employees and the rest of shareholders. This is a callous, evil, unethical person.
He sold the stocks because he knows he not doing a good and believe the future of intel is slim. When ceo sold majority of their stock it mean a bad sign