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 $5,743,302 were sold by Norrod Forrest Eugene on Nov 05 ’24. At $141.67 per share, Norrod Forrest Eugene sold 40,540 shares. The insider’s holdings dropped to 293,347 shares worth approximately $43.95 million following the completion of this transaction.
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Also, LISA SU purchased 80,000 shares, netting a total of over 11,332,800 in proceeds.
Before that, Norrod Forrest Eugene had added 40,540 shares to its account. In a trade valued at $5,743,204, the Officer bought Advanced Micro Devices Inc shares for $141.67 each.
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 surge of approximately 3.99%. Over the course of the year, Advanced Micro Devices Inc shares have jumped approximately 1.63%. 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 $154.39, while a 200-day SMA reached $162.34. Nevertheless, trading volume fell to 30.01 million shares from 32.91 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 146.95, which, if violated, would cause prices to drop to 144.07. In the upper region, resistance lies at 151.41. The next price resistance is at 152.99. RSI (Relative Strength Index) is 46.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.37, which suggests the price will decrease in the coming days. Percent R is at 63.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
