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TD Cowen analysts reiterates a Buy rating for Advanced Micro Devices Inc (AMD)

Advanced Micro Devices Inc’s recent filing unveils that its Chair, President & CEO Su Lisa T unloaded Company’s shares for reported $11.51 million on Nov 06 ’24. In the deal valued at $143.87 per share,80,000 shares were sold. As a result of this transaction, Su Lisa T now holds 3,566,762 shares worth roughly $495.53 million.

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Then, Norrod Forrest Eugene sold 40,540 shares, generating $5,743,302 in total proceeds. Upon selling the shares at $141.67, the EVP & GM DESG now owns 293,347 shares.

Before that, LISA SU bought 80,000 shares. Advanced Micro Devices Inc shares valued at $11,332,800 were divested by the Director at a price of $141.66 per share.

TD Cowen reiterated its Advanced Micro Devices Inc [AMD] rating to a Buy in a research note published on October 30, 2024; the price target was $185. A number of analysts have revised their coverage, including Edward Jones’s analysts, who began to cover the stock in mid August with a ‘”a Buy”‘ rating. TD Cowen also remained covering AMD and reiterated its “Buy” recommendation on August 19, 2024. TD Cowen maintained its rating on July 15, 2024. It rated AMD as “a Buy”.

Price Performance Review of AMD

On Monday, Advanced Micro Devices Inc [NASDAQ:AMD] saw its stock jump 2.99% to $138.93. Over the last five days, the stock has lost -5.71%. Advanced Micro Devices Inc shares have fallen nearly -5.75% since the year began. Nevertheless, the stocks have risen 15.94% over the past one year. While a 52-week high of $227.30 was reached on 03/08/24, a 52-week low of $116.37 was recorded on 08/05/24. SMA at 50 days reached $154.53, while 200 days put it at $161.18.

Levels Of Support And Resistance For AMD Stock

The 24-hour chart illustrates a support level at 137.13, which if violated will result in even more drops to 135.32. On the upside, there is a resistance level at 140.82. A further resistance level may holdings at 142.70. The Relative Strength Index (RSI) on the 14-day chart is 39.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.88%. Stochastics %K at 10.59% indicates the stock is a buying.

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 2024-10-31, growing by 12.5 million shares to a total of 57.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 44.61 million shares. There was a rise of 21.88%, which implies that there is a positive sentiment for the stock.

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