Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Advanced Micro Devices Inc. shares valued at $11,427,200 were purchased by LISA SU on Sep 11 ’24. At $142.84 per share, LISA SU acquired 80,000 shares.
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Also, Su Lisa T sold 80,000 shares, netting a total of over 12,595,575 in proceeds. Following the sale of shares at $157.44 each, the insider now holds 3,566,762 shares.
Before that, LISA SU had added 80,000 shares to its account. In a trade valued at $12,422,400, the Director bought Advanced Micro Devices Inc. shares for $155.28 each.
As published in their initiating research note from Edward Jones on August 20, 2024, Advanced Micro Devices Inc. [AMD] has been a Buy. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid August. As of July 15, 2024, TD Cowen has reiterated its “Buy” rating for AMD. Earlier on June 10, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for AMD stock which previously was a “an Overweight”.
Analyzing AMD Stock Performance
During the last five days, there has been a surge of approximately 8.13%. Over the course of the year, Advanced Micro Devices Inc. shares have jumped approximately 2.28%. Shares of the company reached a 52-week high of $227.30 on 03/08/24 and a 52-week low of $121.82 on 08/05/24. A 50-day SMA is recorded $150.26, while a 200-day SMA reached $159.11. Nevertheless, trading volume fell to 29.18 million shares from 50.94 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 148.43, which, if violated, would cause prices to drop to 146.10. In the upper region, resistance lies at 152.32. The next price resistance is at 153.88. RSI (Relative Strength Index) is 54.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.89, which suggests the price will increase in the coming days. Percent R is at 28.70%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
