Why AMD’s largest shareholder sold tens of millions of its shares last week — and why the move made sense

Ten days after a second-quarter financial report filled with positive news, the largest shareholder of Advanced Micro Devices Inc. — and one of its board members — sold 40 million of the company’s shares.
United Arab Emirates-based Mubadala Investment Co. made $529.6 million on the Aug. 4 deal, based on AMD’s (Nasdaq: AMD) Aug. 3 closing price of $13.24, Reuters reported.
The sale came about six weeks after AMD CEO Lisa Su announced the launch of the semiconductor company’s Epyc processors…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal https://www.bizjournals.com/austin/news/2017/08/11/why-amds-largest-shareholder-sold-tens-of-millions.html?ana=RSS%26s=article_search

#Austin Check out URLinkedUp > http://www.urlinkedup.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s