Advanced Micro Devices Inc.’s recent filing unveils that its Chief Technology Officer & EVP Papermaster Mark D unloaded Company’s shares for reported $3.03 million on Mar 15 ’24. In the deal valued at $186.73 per share,16,200 shares were sold. As a result of this transaction, Papermaster Mark D now holds 1,554,602 shares worth roughly $279.28 million.
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Then, Su Lisa T sold 125,000 shares, generating $24,391,404 in total proceeds. Upon selling the shares at $195.13, the Chair, President & CEO now owns 3,222,230 shares.
Before that, WOLIN HARRY A sold 32,789 shares. Advanced Micro Devices Inc. shares valued at $6,961,433 were divested by the SVP at a price of $212.31 per share. As a result of the transaction, WOLIN HARRY A now holds 1,433,596 shares, worth roughly $257.55 million.
DZ Bank downgraded its Advanced Micro Devices Inc. [AMD] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who increased its forecast for the stock in late January from “a Market perform” to “an Outperform”. Raymond James also remained covering AMD and has decreased its forecast on January 30, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Susquehanna maintained its rating on January 29, 2024. It rated AMD as “a Positive”.
Price Performance Review of AMD
On Friday, Advanced Micro Devices Inc. [NASDAQ:AMD] saw its stock jump 0.54% to $179.65. Over the last five days, the stock has lost -5.97%. Advanced Micro Devices Inc. shares have risen nearly 21.87% since the year began. Nevertheless, the stocks have risen 84.11% over the past one year. While a 52-week high of $227.30 was reached on 03/08/24, a 52-week low of $81.02 was recorded on 01/03/24. SMA at 50 days reached $179.09, while 200 days put it at $131.02. A total of 57.75 million shares were traded, compared to the trading of 75.27 million shares in the previous session.
Levels Of Support And Resistance For AMD Stock
The 24-hour chart illustrates a support level at 176.21, which if violated will result in even more drops to 172.78. On the upside, there is a resistance level at 181.92. A further resistance level may holdings at 184.20. The Relative Strength Index (RSI) on the 14-day chart is 44.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.40%. Stochastics %K at 10.04% indicates the stock is a buying.
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 Feb 29, 2024, dropping by -5.47 million shares to a total of 34.38 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 39.85 million shares. There was a decline of -15.91%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.49.
The most recent change occurred on January 29, 2024 when Morgan Stanley resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $193.
