Why AMD Stock Is Crashing Today

Adjust Comment Print

Jefferies Group LLC's price target points to a potential upside of 17.52% from the stock's previous close.

Shares outstanding are recorded as 964.05 million and total shares floated are 935.34 million. (AMD) stock confirmed the flow of 2.41% with the final price of $13.62.

Analysts on average have given a price target of $12.2 to Advanced Micro Devices, Inc. Canaccord Genuity reaffirmed a "buy" rating and set a $14.00 target price on shares of Advanced Micro Devices in a report on Friday, January 27th.

The average volume stands at 67792.93 for Advanced Micro Devices, Inc.

COPYRIGHT VIOLATION WARNING: "Advanced Micro Devices, Inc". Sell-side research firms now have a consensus one year price target of $12.2000 on the stock according to First Call.

Topolobampo named outstanding restaurant by James Beard
Zahav's pastry chef, Camille Cogswell, lost to Zachary Engel of Shaya in New Orleans for the Rising Star Chef of the Year award. Her pioneering farm-to-table restaurant, Restaurant Nora , will close at the end of June after a 38 year run.

In total, AMD's businesses reported a loss of 4 cents per share on sales of $984 million for the first quarter, before certain costs such as stock compensation. 65,880,755 shares of the company's stock traded hands. The S&P 500 Index edged 0.2% higher, the Dow Jones Industrial Average fell 0.1% and the Nasdaq Composite had the biggest move of the day, gaining 0.7%.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The semiconductor manufacturer reported ($0.04) earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.04). Initial Ryzen sales were a bright spot this quarter, already having a positive impact on ASP with just one month of contribution and Barclays expects the ramp to continue into June. (NASDAQ:AMD) stated an 18.3 percent jump in quarterly revenue, mostly in line with analysts' estimates, but the chipmaker's second-quarter gross margins forecast raised some concerns. AMD shares extended their upward momentum after reporting 18% growth in first quarter revenues over the prior year period.

COPYRIGHT VIOLATION NOTICE: "Advanced Micro Devices, Inc". Nonetheless, we'll continue to follow the story closely and bring the news to you as it breaks!

In other news, Director Development Co Pjsc Mubadala sold 45,000,000 shares of the business's stock in a transaction that occurred on Friday, March 3rd. Following the sale, the senior vice president now owns 825,174 shares of the company's stock, valued at $10,149,640.20. Investors might also notice that three month ago the Buy recommendations (19) outnumbered Sell recommendations (0). A simple moving average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods.