Advanced Micro Devices (AMD) Shares are Up 2.54%

Advanced Micro Devices (AMD) has been under a strong bear grip, hence the stock is down -18.96% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2% in the past 1 week. The stock has risen by 2.54% in the past week indicating that the buyers are active at lower levels, but the stock is down -20.6% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 13.48% and the 50-Day Moving Average is 6.32%.The 200 Day SMA reached 54.84% Advanced Micro Devices, Inc. is up 15.02% in the last 3-month period. Year-to-Date the stock performance stands at 110.8%.


Advanced Micro Devices (AMD) : The most positive equity analysts on Advanced Micro Devices (AMD) expects the shares to touch $9, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $6 with an expected fluctuation of $2.52 from the mean.

Company shares have received an average consensus rating of Hold for the current week Advanced Micro Devices (NASDAQ:AMD): The stock opened at $6.22 and touched an intraday high of $6.22 on Friday. During the day, the stock corrected to an intraday low of $5.97, however, the bulls stepped in and pushed the price higher to close in the green at $6.05 with a gain of 0.50% for the day. The total traded volume for the day was 47,829,445. The stock had closed at $6.05 in the previous trading session.

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.

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