Advanced Micro Devices Inc. (NYSE:AMD) revealed today in a
form 4 filing with the SEC that James Fleck - a new director from AMD's acquisition of ATI - purchased 25,000 shares on the open market at $22.15. This is the first purchase he has made since he was appointed as a director on October 25, 2006. AMD's stock has fallen significantly this year from a high of $42 to its current levels in the mid-20's. This drop largely stems from a reduced outlook and increasing spending on acquisitions, including the ATI purchase for $5.4 billion. With company insiders beginning to purchase at these levels, it may be a sign that things are ready to improve, and this makes it a stock
worth watching over the next few months.
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