Advanced Micro Devices Inc.’s recent filing unveils that its Chair, President & CEO Su Lisa T unloaded Company’s shares for reported $11.58 million on Sep 11 ’24. In the deal valued at $144.72 per share,80,000 shares were sold. As a result of this transaction, Su Lisa T now holds 3,566,762 shares worth roughly $-589.48 million.
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Then, LISA SU bought 80,000 shares, generating $11,427,200 in total proceeds.
Before that, Su Lisa T sold 80,000 shares. Advanced Micro Devices Inc. shares valued at $12,595,575 were divested by the Chair, President & CEO at a price of $157.44 per share. As a result of the transaction, Su Lisa T now holds 3,566,762 shares, worth roughly $589.48 million.
Edward Jones initiated its Advanced Micro Devices Inc. [AMD] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid August has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering AMD and reiterated its “Buy” recommendation on July 15, 2024. Morgan Stanley revised its rating on June 10, 2024. It rated AMD as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of AMD
On Monday, Advanced Micro Devices Inc. [NASDAQ:AMD] saw its stock fall -1.56% to $165.27. Over the last five days, the stock has lost -3.33%. Advanced Micro Devices Inc. shares have risen nearly 12.12% since the year began. Nevertheless, the stocks have risen 51.92% 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 08/05/24. SMA at 50 days reached $151.67, while 200 days put it at $162.42.
Levels Of Support And Resistance For AMD Stock
The 24-hour chart illustrates a support level at 163.98, which if violated will result in even more drops to 162.69. On the upside, there is a resistance level at 167.73. A further resistance level may holdings at 170.19. The Relative Strength Index (RSI) on the 14-day chart is 55.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.98%. Stochastics %K at 54.23% indicates the stock is a holding.
How much short interest is there in Advanced Micro Devices Inc.?
A steep rise in short interest was recorded in Advanced Micro Devices Inc. stocks on 2024-09-30, dropping by -5.61 million shares to a total of 44.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 50.21 million shares. There was a decline of -12.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 13, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $190 price target.
