AMD stock sees first insider buy since 2012
The post AMD stock sees first insider buy since 2012 appeared on BitcoinEthereumNews.com.
Advanced Micro Devices (NASDAQ: AMD) has been on a downward trajectory ever since reaching an all-time high (ATH) slightly above $200 in early March of 2024. On February 4, the semiconductor company released its Q4 and FY 2025 earnings report. At first glance, one could assume everything went well. Both revenues and earnings per share (EPS) came in above analyst estimates — if just slightly. However, one key area showed signs of underperformance. Unfortunately for AMD, that area was data center revenue — a segment many hold to be of life-and-death significance for the ailing chipmaker. In the immediate aftermath, the price of an AMD share crashed by 10.07%, down to $107.89. By press time on February 13, the price of Advanced Micro Devices stock had somewhat recuperated, up to $113.86 — a mark that represents a 5.74% loss since the start of the year. AMD stock price year-to-date (YTD) chart. Source: Finbold While analysts remain divided, it’s quite notable that even the bulls aren’t projecting much upside for AMD stock. Then, on February 7, something unexpected happened. Finbold’s insider trading radar picked up what looked like a run-of-the-mill SEC Form 4 filing. A closer look revealed that it was not so ordinary after all — as it marked the first time in a long while that a company insider bought AMD stock instead of selling it. Receive Signals on SEC-verified Insider Stock Trades Stocks This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC). Enable signal Insider buys $500,000 worth of AMD stock To be more precise, Philip Guido, the company’s chief commercial officer (CCO) bought 4,645 units of AMD stock at an average price of $107.56 apiece. Following the sale, he continues to hold 33,522 Advanced Micro Devices shares. Guido’s purchase…
Filed under: News - @ February 13, 2025 4:22 pm