US Stock Price Fluctuated | Chip stocks are rising, with the US company Advanced Micro Devices (AMD.US) up more than 5%.
29/02/2024
GMT Eight
On Thursday, the stock price of American company Advanced Micro Devices (AMD.US) rose, and at the time of writing, the stock was up over 5%, trading at $185.46. In terms of news, AMD's CEO Lisa Su recently sold stocks worth over $20 million. According to a document submitted to the Securities and Exchange Commission (SEC) last Friday, Su sold 125,000 shares of AMD stock on February 21 at prices between $162.06 and $164.84. She carried out this transaction in accordance with a previously established 10b5-1 trading plan, which allows company executives and other insiders to arrange stock sales under predetermined conditions. After the recent transaction, Su still holds approximately 4 million shares of AMD stock, directly and indirectly, valued at around $7.12 billion based on Tuesday's closing price of $178.
Other chip stocks also rose, with Arm (ARM.US) up over 4%, NVIDIA (NVDA.US) and Intel (INTC.US) up over 2%, Qualcomm (QCOM.US) up 0.89%, and Applied Materials (AMAT.US) up over 1%.