AMD Insider Sales Raise Eyebrows as CEO Lisa Su Offloads $11 Million in Shares
AMD's Insider Sales: Shocking Developments
In a surprising move, Lisa Su, the CEO of AMD, has executed significant insider sales amounting to $11 million. This activity comes at a time when the company faces fluctuating stock performance, with shares down 1.67% year-to-date (YTD).
Insider Sales Breakdown
On December 4, CEO Su sold shares in three separate transactions: a batch of 28,218 at an average price of $141.89, another 30,299 at $142.76, and a final batch of 17,979 at $143.69. Post-sale, she retains nearly 3.57 million shares valued at $486 million.
Market Reactions and Predictions
The stock degradation prompted analysts to express concern, with Bank of America downgrading AMD's shares from 'buy' to 'neutral' and slashing price targets. Despite this, forecasts suggest a potential 13.7% growth for AMD, yet investor sentiment remains shaken.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.