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 $11,577,327 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 $513.86 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 $513.86 million.
As published in a research note from TD Cowen on October 30, 2024, Advanced Micro Devices Inc [AMD] has been retained to a Buy and the price target has been revised to $185. Analysts at Edward Jones started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of August 19, 2024, TD Cowen has reiterated its “Buy” rating for AMD. Earlier on July 15, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for AMD stock.
Analyzing AMD Stock Performance
During the last five days, there has been a drop of approximately -6.11%. Over the course of the year, Advanced Micro Devices Inc shares have dropped approximately -2.27%. 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 $155.08, while a 200-day SMA reached $163.00. Nevertheless, trading volume fell to 44.12 million shares from 87.7 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 142.04, which, if violated, would cause prices to drop to 140.01. In the upper region, resistance lies at 147.39. The next price resistance is at 150.71. RSI (Relative Strength Index) is 37.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.00, which suggests the price will decrease in the coming days. Percent R is at 97.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
