The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Advanced Micro Devices Inc. shares valued at $3,025,082 were sold by Papermaster Mark D on Mar 15 ’24. At $186.73 per share, Papermaster Mark D sold 16,200 shares. The insider’s holdings dropped to 1,554,602 shares worth approximately $265.06 million following the completion of this transaction.
Also, Su Lisa T sold 125,000 shares, netting a total of over 24,391,404 in proceeds. Following the sale of shares at $195.13 each, the insider now holds 3,222,230 shares.
Before that, WOLIN HARRY A had sold 32,789 shares from its account. In a trade valued at $6,961,433, the SVP traded Advanced Micro Devices Inc. shares for $212.31 each. Upon closing the transaction, the insider’s holdings decreased to 32,789 shares, worth approximately $244.43 million.
As published in a research note from DZ Bank on March 07, 2024, Advanced Micro Devices Inc. [AMD] has been rated down from a Buy to a Hold and the price target has been revised to $200. Analysts at Northland Capital upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of January 30, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for AMD. Earlier on January 29, 2024, Susquehanna resumed its rating. Their recommendation was “a Positive” for AMD stock.
Analyzing AMD Stock Performance
During the last five days, there has been a surge of approximately 2.82%. Over the course of the year, Advanced Micro Devices Inc. shares have jumped approximately 15.66%. Shares of the company reached a 52-week high of $227.30 on 03/08/24 and a 52-week low of $133.74 on 01/03/24. A 50-day SMA is recorded $181.11, while a 200-day SMA reached $134.65. Nevertheless, trading volume fell to 48.81 million shares from 59.6 million shares the previous day.
Support And Resistance Levels for Advanced Micro Devices Inc. (AMD)
According to the 24-hour chart, there is a support level at 167.72, which, if violated, would cause prices to drop to 164.93. In the upper region, resistance lies at 172.12. The next price resistance is at 173.73. RSI (Relative Strength Index) is 41.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.78, which suggests the price will decrease in the coming days. Percent R is at 72.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Advanced Micro Devices Inc. subject to short interest?
Stocks of Advanced Micro Devices Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.53 million shares to 32.85 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 34.38 million shares. A decline of -4.66% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.43 of the overall float, the days-to-cover ratio (short ratio) decline to 0.43.
