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AMD Stock Dips Amid Insider Trades and Financial Reporting Delays

Mover TrackerWednesday, Nov 13, 2024 5:31 pm ET
1min read

Recent developments surrounding Advanced Micro Devices (AMD) have caught the eye of investors and analysts alike, as the company's stock has seen a consistent decline. On November 13, AMD experienced a 3.01% drop, marking a fourth consecutive day of losses, culminating in a 7.02% decrease over four days. This downturn has led the stock to its lowest point since September 2024.

Amid these market fluctuations, internal transactions have surfaced, drawing attention to the company's insider activities. On November 7, 2024, AMD disclosed an internal trade involving senior executive Norrod Forrest Eugene, who purchased 40,500 shares on November 5. However, the disclosure highlighted a mix of buying and selling activities by company insiders over the past months, reflecting varied sentiments within the leadership.

Founded in 1969, AMD has established itself as a significant player in the global semiconductor industry, providing a range of products including x86 microprocessors for both consumer and commercial markets, embedded processors, and cutting-edge graphics solutions. Despite its industry stature, the company faces persistent challenges in the financial disclosure arena.

Currently, AMD is contending with delays in submitting its quarterly 10-Q report for the period ending September 30, 2024. The company's board has conducted an investigation in response to concerns raised by its former auditor, and while the review is nearing completion, additional tasks remain. The intricacies of this situation have required AMD to hire a new audit firm and prepare upcoming financial reports, further complicating its regulatory obligations.

While no fraudulent activities have been identified, AMD's delayed reporting raises questions about its management and financial practices. The stock market reactions underscore the uncertainty and scrutiny that often accompany such corporate issues, reflecting broader implications for stakeholder confidence and the company's future trajectory.

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Plane-Salamander2580
11/14
$AMD Just a word of caution, folks: This stock is set to rip tomorrow. 🚀😎
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iyankov96
11/14
$AMD Opportunity in chaos! Like sharks in the water, investors will pounce on this chance ))
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Outrageous-Rate-4080
11/13
$AMD I'm noticing a significant amount of traders switching from bullish to bearish positions. This often indicates a potential market turn, making it a worthwhile time to start exploring entry points.
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DEBORAH SUE
11/13

Contact tradelivewithcy on telegram, if you’ll love to trade and be highly profitable. I earn $70,000 weekly by following his strategy

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fluffnstuff1
11/13
$AMD Here's an article with a more balanced perspective...the Dow Jones is generally a superior news source to others. AMD is trimming 4% from its global workforce after noting that the majority of its growth comes from AI chips and other data center products. The stock has dipped 4.8% YTD, but has gained 19% over the past year. “To align our resources with our biggest growth opportunities, we’re implementing targeted measures, which unfortunately will reduce our global workforce by about 4%,” AMD said in a statement. This move follows a significant surge in AMD’s Q3 sales but a slightly underwhelming Q4 outlook, which some analysts saw as a potential slowdown. CEO Lisa Su has upped her projection for AMD's AI chip sales this year to $5 billion, up from a $4.5 billion forecast in July.
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DEBORAH SUE
11/13
@fluffnstuff1

Contact tradelivewithcy on telegram, if you’ll love to trade and be highly profitable. I earn $70,000 weekly by following his strategy

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