Hi everyone,
6 months ago I posted this on Reddit: https://www.reddit.com/r/InsiderTradingAlerts/comments/1io5axk/amd_insider_buys_500k_2_hours_ago/
also this: https://www.reddit.com/r/wallstreetbets/comments/1io6i8n/amd_corporate_insider_buys_500k_of_stock_today/
“This is a big purchase – https://www.sec.gov/Archives/edgar/data/2488/000000248825000014/xslF345X03/wk-form4_1739396726.xml
Here’s the link to the form above. Looks like it’s the EVP and Chief Commercial Officer, submitted form only about 3 hours ago.
This P purchase code mean they bought it on the open market, for a cost average of 107.56. In the recent macro economic landscape, especially with the importance of semis, this is really interesting. I haven’t seen this hitting the yahoo news pipeline at all yet.
Only other insider purchases are back in the 2005/2008/2012 range, all around a 20 dollar cost basis.
EDIT: HE INCREASED HIS HOLDINGS BY 16% – This is a non negligible amount. It is not about the ratio of stock bought to stock market cap, it is about how much this amount of money means to this insider.“
Now 6 months later, AMD is trading at 170 dollars per share, representing approximately a 60% increase in value for the insiders in 6 months.
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