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A massive insider purchase just hit Advanced Micro Devices (AMD), and it’s raising eyebrows across Wall Street.
Philip Guido, AMD’s Chief Commercial Officer, bought nearly $1 million worth of AMD shares on May 20, marking the stock’s largest insider buy since November 2006. Insider activity like this is often seen as a signal of confidence — especially when it’s this large.
While AMD is still trading about 39% off its 52-week highs, it has quietly outperformed over the past 3 months, gaining 13.8% while the broader market slipped.
Here’s Why Traders Are Taking Notice
- Barchart just triggered a bullish 20/100-day moving average crossover for AMD on May 27
- The stock’s put/call open interest ratio is falling, which may suggest bullish accumulation
- AMD is gearing up for a June 12 AI event hosted by CEO Lisa Su, highlighting new developments in artificial intelligence
- Even politicians like Marjorie Taylor Greene and Ro Khanna are buying the dip
Add it all up, and it’s clear that AMD is becoming a key stock to watch in the AI semiconductor subsector heading into the summer.
Get the full breakdown in this news reel on AMD:
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On the date of publication, Barchart Insights did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
