Monster Insider Trading Alert for AMD Stock: CEO Dumps $12 Million
Monster Insider Trading Alert for AMD Stock
In a surprising move, Advanced Micro Devices (NASDAQ: AMD) CEO Lisa Su dumped $12.6 million worth of shares on August 20. This sale marks a notable moment as AMD stock has been underperforming compared to its rivals in the semiconductor sector.
Analyzing Recent AMD Performance
AMD stock has shown significant volatility in 2024, achieving only a 9.47% year-to-date growth. The latest session on August 22 revealed a sharp drop of 3.87%, closing at $151.70.
- Lisa Su is the most active insider seller this year.
- In total, she sold 470,153 shares for an impressive $79.7 million.
- Other notable sales included Division President Victor Peng and General Manager Forrest Eugene Norrod.
Implications of Insider Sales
This series of insider transactions comes amid AMD's lacking performance and zero buys from insiders, highlighting investor caution in a competitive market, particularly against Nvidia (NASDAQ: NVDA).
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