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Advanced Micro Devices (AMD) Jumps: Stock Rises 5.2%
Advanced Micro Devices, Inc. (AMD - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 15.2% in the past one-month time frame.
The upside was driven by reports suggesting that a peer’s products had security flaw, which made Advanced Micro Devices’ products more attractive.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Advanced Micro Devices currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Advanced Micro Devices, Inc. Price
Advanced Micro Devices, Inc. Price | Advanced Micro Devices, Inc. Quote
A better-ranked stock in the Electronics – Semiconductors industry is Broadcom Limited (AVGO - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is AMD going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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