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Strength Seen in Advanced Micro Devices (AMD): Stock Soars 14.3%
Advanced Micro Devices, Inc. (AMD - Free Report) was a big mover last session, as the company saw its shares rise more than 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.97 to $16.87 in the past one-month time frame.
The move came after the company reported solid second-quarter 2018 results.
The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also 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 (AMD - Free Report) currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
Advanced Micro Devices, Inc. Price
Advanced Micro Devices, Inc. Price | Advanced Micro Devices, Inc. Quote
Investors interested in the Electronics - Semiconductors industry may consider Diodes Incorporated (DIOD - Free Report) , which has 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
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>