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A company insider recently sold 16,200 shares of Advanced Micro Devices Inc. [AMD]. Should You also Consider to Sale?

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Advanced Micro Devices Inc.’s recent filing unveils that 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 $249.05 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 $516.2 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 1.78% to $160.20. Over the last five days, the stock has gained 7.78%. Advanced Micro Devices Inc. shares have risen nearly 8.68% since the year began. Nevertheless, the stocks have risen 83.21% 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 $177.06, while 200 days put it at $137.20. A total of 43.34 million shares were traded, compared to the trading of 42.51 million shares in the previous session.

Levels Of Support And Resistance For AMD Stock

The 24-hour chart illustrates a support level at 157.38, which if violated will result in even more drops to 154.57. On the upside, there is a resistance level at 161.89. A further resistance level may holdings at 163.59. The Relative Strength Index (RSI) on the 14-day chart is 45.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.89%. Stochastics %K at 45.42% indicates the stock is a holding.

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