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Insider Sale Alert: Advanced Micro Devices Inc. [AMD] – Is it Time to sell?

Advanced Micro Devices Inc.’s recently made public that its Chair, President & CEO Su Lisa T unloaded Company’s shares for reported $23.56 million on Jun 05 ’24. In the deal valued at $165.05 per share,142,730 shares were sold. As a result of this transaction, Su Lisa T now holds 3,002,077 shares worth roughly $481.35 million.

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Then, Papermaster Mark D sold 16,200 shares, generating $2,528,960 in total proceeds. Upon selling the shares at $156.11, 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 $19,211,255 were divested by the Chair, President & CEO at a price of $153.69 per share. As a result of the transaction, Su Lisa T now holds 3,097,230 shares, worth roughly $496.61 million.

Morgan Stanley downgraded its Advanced Micro Devices Inc. [AMD] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. DZ Bank also remained covering AMD and has increased its forecast on May 07, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen maintained its rating on April 18, 2024. It rated AMD as “a Buy”.

Price Performance Review of AMD

On Monday, Advanced Micro Devices Inc. [NASDAQ:AMD] saw its stock fall -4.49% to $160.34. Over the last five days, the stock has lost -1.96%. Advanced Micro Devices Inc. shares have risen nearly 8.77% since the year began. Nevertheless, the stocks have risen 32.46% over the past one year. While a 52-week high of $227.30 was reached on 03/08/24, a 52-week low of $93.11 was recorded on 01/03/24. SMA at 50 days reached $161.21, while 200 days put it at $144.18. A total of 66.59 million shares were traded, compared to the trading of 44.8 million shares in the previous session.

Levels Of Support And Resistance For AMD Stock

The 24-hour chart illustrates a support level at 158.12, which if violated will result in even more drops to 155.89. On the upside, there is a resistance level at 164.06. A further resistance level may holdings at 167.77. The Relative Strength Index (RSI) on the 14-day chart is 47.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.29%. Stochastics %K at 41.32% indicates the stock is a holding.

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