The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Advanced Micro Devices Inc shares valued at $10,912,740 were sold by Su Lisa T on Dec 04 ’24. At $142.66 per share, Su Lisa T sold 76,496 shares. The insider’s holdings dropped to 3,566,762 shares worth approximately $450.45 million following the completion of this transaction.
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Also, LISA SU purchased 76,496 shares, netting a total of over 10,860,902 in proceeds.
Before that, Su Lisa T had sold 80,000 shares from its account. In a trade valued at $11,509,369, the Chair, President & CEO traded Advanced Micro Devices Inc shares for $143.87 each. Upon closing the transaction, the insider’s holdings decreased to 80,000 shares, worth approximately $450.45 million.
As published in a research note from BofA Securities on December 09, 2024, Advanced Micro Devices Inc [AMD] has been rated down from a Buy to a Neutral and the price target has been revised to $155 from $180. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of August 20, 2024, Edward Jones has initiated its “Buy” rating for AMD. Earlier on August 19, 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 1.02%. Over the course of the year, Advanced Micro Devices Inc shares have dropped approximately -14.33%. Shares of the company reached a 52-week high of $227.30 on 03/08/24 and a 52-week low of $117.90 on 12/20/24. A 50-day SMA is recorded $141.00, while a 200-day SMA reached $154.88. Nevertheless, trading volume fell to 24.83 million shares from 47.11 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 124.80, which, if violated, would cause prices to drop to 123.30. In the upper region, resistance lies at 127.65. The next price resistance is at 129.00. RSI (Relative Strength Index) is 40.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.37, which suggests the price will decrease in the coming days. Percent R is at 67.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
