AMD: Don’t Overlook The Insider Transactions Before The Q2 Earnings (Technical Analysis)

Summary:

  • Advanced Micro Devices, Inc. Q2 beat consensus estimates on both lines despite some unevenness among its segments.
  • However, AMD’s profit margin did not expand as the market expected.
  • Looking ahead, the market continues overestimating its margin expansion potential, a setup for disappointing stock price movements.
  • Insider activities preceding the release of its Q2 ER were dominated by selling.
  • In particular, many batches were sold between $160 to $180, a key support level that will take a while for AMD to regain.

Words Insider Selling on yellow finance background from graphs, charts. Trend Up and Down. 3D render

Vladimir Zakharov

AMD stock: Q2 recap

My last article on Advanced Micro Devices, Inc. (NASDAQ:AMD) was an earning preview article for its Q2 earnings reported on July 30th. As illustrated by the chart below, that article was titled “


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