In a filing, Advanced Micro Devices Inc. revealed 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 $249.23 million.
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 $229.83 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 Monday, Advanced Micro Devices Inc. [NASDAQ:AMD] saw its stock fall -1.81% to $160.32. Over the last five days, the stock has lost -5.64%. Advanced Micro Devices Inc. shares have risen nearly 8.76% since the year began. Nevertheless, the stocks have risen 74.09% 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 $180.82, while 200 days put it at $135.17. A total of 61.18 million shares were traded, compared to the trading of 63.52 million shares in the previous session.
Levels Of Support And Resistance For AMD Stock
The 24-hour chart illustrates a support level at 157.91, which if violated will result in even more drops to 155.49. On the upside, there is a resistance level at 163.59. A further resistance level may holdings at 166.85. The Relative Strength Index (RSI) on the 14-day chart is 34.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.52%. Stochastics %K at 13.06% indicates the stock is a buying.
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.
