Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Advanced Micro Devices Inc. shares valued at $11,577,327 were sold by Su Lisa T on Sep 11 ’24. At $144.72 per share, Su Lisa T sold 80,000 shares. The insider’s holdings dropped to 3,566,762 shares worth approximately $547.28 million following the completion of this transaction.
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Also, LISA SU purchased 80,000 shares, netting a total of over 11,427,200 in proceeds.
Before that, Su Lisa T had sold 80,000 shares from its account. In a trade valued at $12,595,575, the Chair, President & CEO traded Advanced Micro Devices Inc. shares for $157.44 each. Upon closing the transaction, the insider’s holdings decreased to 80,000 shares, worth approximately $547.28 million.
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 drop of approximately -1.80%. Over the course of the year, Advanced Micro Devices Inc. shares have jumped approximately 4.09%. 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 $154.88, while a 200-day SMA reached $162.94. Nevertheless, trading volume fell to 22.78 million shares from 26.1 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 152.13, which, if violated, would cause prices to drop to 150.82. In the upper region, resistance lies at 154.97. The next price resistance is at 156.50. RSI (Relative Strength Index) is 43.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.62, which suggests the price will decrease in the coming days. Percent R is at 87.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
