Advanced Micro Devices (AMD) has risen sharply, recording gains of 29.61% in the past 4 weeks. However, the stock has corrected -3.64% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 26.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Advanced Micro Devices (NASDAQ:AMD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.56 and $6.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.61, notching a gain of 2.16% for the day. The total traded volume was 20,163,999 . The stock had closed at $6.47 on the previous day.
The stock has recorded a 20-day Moving Average of 12.11% and the 50-Day Moving Average is 27.21%. Advanced Micro Devices, Inc. is up 79.62% in the last 3-month period. Year-to-Date the stock performance stands at 130.31%.
Advanced Micro Devices (AMD) : The highest level Advanced Micro Devices (AMD) is projected to reach is $9 for the short term and the lowest estimate is at $2. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $4.88 and the possibility the share price can swing is $2.16.
Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.