In a filing, Advanced Micro Devices Inc. revealed its Chief Technology Officer & EVP Papermaster Mark D unloaded Company’s shares for reported $2.66 million on Apr 15 ’24. In the deal valued at $164.25 per share,16,200 shares were sold. As a result of this transaction, Papermaster Mark D now holds 1,554,602 shares worth roughly $231.08 million.
Then, Papermaster Mark D sold 16,200 shares, generating $3,025,082 in total proceeds. Upon selling the shares at $186.73, the Chief Technology Officer & EVP now owns 1,554,602 shares.
Before that, Su Lisa T sold 125,000 shares. Advanced Micro Devices Inc. shares valued at $24,391,404 were divested by the Chair, President & CEO at a price of $195.13 per share. As a result of the transaction, Su Lisa T now holds 3,222,230 shares, worth roughly $478.95 million.
TD Cowen reiterated its Advanced Micro Devices Inc. [AMD] rating to a Buy in a research note published on April 18, 2024; the price target was $200. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. Evercore ISI began covering AMD with “an Outperform” recommendation on April 16, 2024. DZ Bank revised its rating on March 07, 2024. It rated AMD as “a Hold” which previously was an “a Buy”.
Price Performance Review of AMD
On Monday, Advanced Micro Devices Inc. [NASDAQ:AMD] saw its stock jump 1.36% to $148.64. Over the last five days, the stock has lost -7.29%. Advanced Micro Devices Inc. shares have risen nearly 0.83% since the year began. Nevertheless, the stocks have risen 64.95% 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 $178.98, while 200 days put it at $136.16. A total of 48.81 million shares were traded, compared to the trading of 71.62 million shares in the previous session.
Levels Of Support And Resistance For AMD Stock
The 24-hour chart illustrates a support level at 146.22, which if violated will result in even more drops to 143.79. On the upside, there is a resistance level at 150.48. A further resistance level may holdings at 152.31. The Relative Strength Index (RSI) on the 14-day chart is 31.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.12%. Stochastics %K at 6.79% indicates the stock is a buying.
