AMD in Focus as Trefis Notes 5-Day Rally and 13F Filings Show Mixed Moves
· 6 sources
Trefis reports AMD stock rose for five straight sessions, while MarketBeat covers 13F filings showing several funds buying and selling the shares.
What happened
Trefis reports that Advanced Micro Devices (AMD) stock has risen for 5 consecutive trading days, with a gain of 44.7% over that stretch. The outlet says this added about $296.0 billion to the company's market value.
MarketBeat published several reports on institutional filings involving AMD shares. Allworth Financial LP raised its stake by 14.7% in the 3rd quarter and owned 109,707 shares, according to its 13F filing with the Securities and Exchange Commission.
MarketBeat also reports that Eurizon Capital SGR S.p.A. and Fisher Asset Management LLC purchased AMD shares. Citizens & Northern Corp sold 4,407 shares, and Nan Fung Trinity HK Ltd. sold 1,137,476 shares.
Context
Form 13F filings are quarterly disclosures in which institutional investment managers report their equity holdings to US regulators.
Why it matters
The combination of a sharp multi-day rise and a mix of institutional buying and selling shows how closely AMD is being followed by investors.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $425.00 and $599.39; 9 in 10, between $313.35 and $812.97.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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