GRASBY PAUL DARREN divested 1.59 million US dollars’ worth of Advanced Micro Devices Inc. [AMD] stock.


Advanced Micro Devices Inc.’s recently made public that its EVP Strategic Partnerships GRASBY PAUL DARREN unloaded Company’s shares for reported $1.59 million on Aug 30. In the deal valued at $106.21 per share,14,942 shares were sold. As a result of this transaction, GRASBY PAUL DARREN now holds 103,663 shares worth roughly $ 11.48 million.

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Then, Su Lisa T sold 75,000 shares, generating $8,369,403 in total proceeds. Upon selling the shares at $111.59, the Chair, President & CEO now owns 3,192,774 shares.

Before that, Papermaster Mark D sold 31,701 shares. Advanced Micro Devices Inc. shares valued at $3,534,376 were divested by the Chief Technology Officer & EVP at a price of $111.49 per share. As a result of the transaction, Papermaster Mark D now holds 1,513,245 shares, worth roughly $167.64 million.

Citigroup upgraded its Advanced Micro Devices Inc. [AMD] rating to a Buy from a a Neutral in a research note published on Tuesday, August 02, 2023; the price target was increased to $136 from $120. PT values the company’s stock at a premium of 18.54 to its Tuesday closing price.

Price Performance Review of AMD

On Tuesday, Advanced Micro Devices Inc. [NASDAQ:AMD] saw its stock jump 1.22% to $110.78. On the same session, the stock had its day’s lowest price of $106.30, but rose to a high of $111.82. Over the last five days, the stock has gained 7.96%. Advanced Micro Devices Inc. shares have risen nearly 71.04% since the year began. Nevertheless, the stocks have risen 34.56% over the past one year. While a 52-week high of $132.83 was reached on 06/13/23, a 52-week low of $54.57 was recorded on 01/06/23. SMA at 50 days reached $111.00, while 200 days put it at $93.32. A total of 65.96 million shares were traded, compared to the trading of 54.86 million shares in the previous session.

Levels Of Support And Resistance For AMD Stock

The 24-hour chart illustrates a support level at 107.45, which if violated will result in even more drops to 104.11. On the upside, there is a resistance level at 112.97. A further resistance level may holdings at 115.15. The Relative Strength Index (RSI) on the 14-day chart is 53.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.50%. Stochastics %K at 78.88% indicates the stock is a holding.

How much short interest is there in Advanced Micro Devices Inc.?

A steep rise in short interest was recorded in Advanced Micro Devices Inc. stocks on Aug 14, 2023, dropping by -0.69 million shares to a total of 28.85 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 29.54 million shares. There was a decline of -2.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.79% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.42.

Advanced Micro Devices Inc. [AMD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 132,259,012 shares, or roughly 8.21% of the outstanding AMD shares. In other words, the investor’s shares have risen by 1,408,912 from its previous 13-F filing of 130850100.0. Additionally, BlackRock Fund Advisors increased 2.45% of its stake after which the total value it holdings stand at $9,012,183,638, while SSgA Funds Management, Inc. added 0.22% of its stake to hold $7.46 billion in the firm. Over the last quarter, Fidelity Management & Research Co sold -1,539,534 shares of Advanced Micro Devices Inc., while T. Rowe Price Associates, Inc. sold -13,188,928 shares. At present, Geode Capital Management LLC is holding 30,401,005 shares valued at $3.48 billion. Fisher Asset Management LLC owned 26,975,074 shares of the company at the time of its most recent 13F filing, worth $3.09 billion.


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