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 $2,660,850 were sold by Papermaster Mark D on Apr 15 ’24. At $164.25 per share, Papermaster Mark D sold 16,200 shares. The insider’s holdings dropped to 1,554,602 shares worth approximately $241.09 million following the completion of this transaction.
Also, Papermaster Mark D sold 16,200 shares, netting a total of over 3,025,082 in proceeds. Following the sale of shares at $186.73 each, the insider now holds 1,554,602 shares.
Before that, Su Lisa T had sold 125,000 shares from its account. In a trade valued at $24,391,404, the Chair, President & CEO traded Advanced Micro Devices Inc. shares for $195.13 each. Upon closing the transaction, the insider’s holdings decreased to 125,000 shares, worth approximately $499.7 million.
As published in a research note from TD Cowen on April 18, 2024, Advanced Micro Devices Inc. [AMD] has been retained to a Buy and the price target has been revised to $200. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of April 16, 2024, Evercore ISI has initiated its “an Outperform” rating for AMD. Earlier on March 07, 2024, DZ Bank downgraded its rating. Their new recommendation was “a Hold” for AMD stock which previously was a “a Buy”.
Analyzing AMD Stock Performance
During the last five days, there has been a drop of approximately -9.04%. Over the course of the year, Advanced Micro Devices Inc. shares have jumped approximately 5.20%. 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 $179.88, while a 200-day SMA reached $135.83. Nevertheless, trading volume fell to 52.5 million shares from 75.91 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 152.61, which, if violated, would cause prices to drop to 150.15. In the upper region, resistance lies at 157.25. The next price resistance is at 159.43. RSI (Relative Strength Index) is 33.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.59, which suggests the price will decrease in the coming days. Percent R is at 92.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
