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Notching a considerably weaker performance in 2024 from its rivals in the semiconductor sector, Advanced Micro Devices (NASDAQ: AMD) stock wasn’t troubled with many insider sales during this year. However, after over two months without insider sales, its CEO, Lisa Su, offloaded 80,000 AMD shares worth $12.6 million on August 20. Lisa Su insider sale of AMD stock. Source: SEC AMD stock price chart AMD stock performance in 2024 was marked by significant volatility, experiencing 9.47% year-to-date (YTD) growth. The most recent session on August 22 witnessed a decrease of 3.87%, after which AMD shares closed trading at $151.70. This contrasts with gains of 4.40% in the past five trading days. AMD stock 5-day price chart. Source: Finbold Lisa Su is the most active AMD stock insider Looking at Su’s previous insider trading activity in 2024, there are four more instances in which she offloaded AMD stock spanning from February 21 to July 5. Su sold 470,153 AMD shares worth more than $79.7 million in these four instances, making her the most active and profitable insider seller of AMD stock in 2024. Insider sales of AMD stock in 2024. Source: Barchart In addition to AMD’s CEO, its Division President Victor Peng was the second most profitable insider seller, thanks to his sale on February 2. He offloaded 100,000 AMD shares at an average price of $175.11 per share for a total profit of $17.5 million. Next in line is Forrest Eugene Norrod, General Manager, who raked in $5.2 million profit from his sale of 30,000 AMD shares on the same date at an average price of $175.9 per share. AMD’s CFO, Jean Hu, is the fourth most profitable insider seller thanks to his recent insider sale on June 10, earning $3.2 million from her sale of 20,000 AMD shares. AMD…

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Filed under: News - @ August 23, 2024 12:24 pm