Advanced Micro Devices Inc.’s Executive Vice-President Sells 94,000 Shares Of The Company; Barron’s (AMD, INTC)

Barron’s has revealed that Thomas M McCoy, the executive Vice-President for corporate and legal affairs at Advanced Micro Devices Inc. AMD, has sold 94000 of the companyIs shares at an average price of $8.33 per share between the 21st and the 24th of May. Miriam Gottfried of Barron’s expressed that this sale, worth $787,000 from an insider, has come in a time when AMD is facing fierce competition from Intel Corporation INTC. The share price for AMD has climbed out of its recession lows owing in part to higher sales and an improved balance sheet.