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 $11,509,369 were sold by Su Lisa T on Nov 06 ’24. At $143.87 per share, Su Lisa T sold 80,000 shares. The insider’s holdings dropped to 3,566,762 shares worth approximately $485.94 million following the completion of this transaction.
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Also, Norrod Forrest Eugene sold 40,540 shares, netting a total of over 5,743,302 in proceeds. Following the sale of shares at $141.67 each, the insider now holds 293,347 shares.
Before that, LISA SU had added 80,000 shares to its account. In a trade valued at $11,332,800, the Director bought Advanced Micro Devices Inc shares for $141.66 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 drop of approximately -0.99%. Over the course of the year, Advanced Micro Devices Inc shares have dropped approximately -7.58%. 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 $152.95, while a 200-day SMA reached $160.03. Nevertheless, trading volume fell to 30.08 million shares from 32.09 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 133.49, which, if violated, would cause prices to drop to 130.73. In the upper region, resistance lies at 138.47. The next price resistance is at 140.69. RSI (Relative Strength Index) is 38.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.55, which suggests the price will decrease in the coming days. Percent R is at 81.52%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
