Large Inflow of Money Witnessed in Advanced Micro Devices

Advanced Micro Devices (AMD) : Investors lapped up stocks on upticks to the tune of $13.75 million in the Thursdays trading session. The trading value on downticks was comparatively at $10.15 million and the uptick to downtick ratio of 1.35 indicates continuous buying by the bulls. The net money flow into the stock was $3.6 million. The block trades were dominated by the bulls with a healthy 2.85, uptick to downtick ratio. Only $2.34 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $6.67 clearly indicating buying by large investors. The total money flow for block trades stood at $4.33 million, which is a positive for the stock in the long-term. Advanced Micro Devices (AMD) fell $0.02 during the day at $5.02, a drop of -0.4% over the previous days close. However, for the week, the stock is -0.99%, compared to the previous week.


Advanced Micro Devices (AMD) : The consensus price target for Advanced Micro Devices (AMD) is $3.64 for the short term with a standard deviation of $1.72. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $2. The stock has recorded a 20-day Moving Average of 3.12% and the 50-Day Moving Average is 16.64%.

Advanced Micro Devices (NASDAQ:AMD): The stock opened at $5.07 on Thursday but the bulls could not build on the opening and the stock topped out at $5.10 for the day. The stock traded down to $4.94 during the day, due to lack of any buying support eventually closed down at $5.02 with a loss of -0.40% for the day. The stock had closed at $5.04 on the previous day. The total traded volume was 15,813,768 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.