The Hot Stock: Advanced Micro Devices Jumps 4.7%. Thanks Tesla!

Rodiano Bonacci
Settembre 22, 2017

(NASDAQ:AMD) shares saw light trading volume with 3,313K shares changing hands by the end of trading on Thursday. (NASDAQ:AMD) shares were trading lower by -2.4 percent ($-0.33) at $13.41 a piece in Thursday's session.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 11,810 shares of the company's stock in a transaction that occurred on Friday, August 11th. Noting its average daily volume at 469.05 million shares each day over the month, this signifies a pretty significant change over the norm. The stock rose 0.57% or $0.11 reaching $19.41 per share. Trexquant Investment LP acquired a new position in shares of Advanced Micro Devices during the first quarter worth $706,000. Finally, Rosenblatt Securities reiterated a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, August 23rd. Vetr upgraded Advanced Micro Devices, Inc. Great West Life Assurance Co. Stocks News Times (SNT) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own.

AMD has been the subject of a number of research analyst reports. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/09/22/advanced-micro-devices-inc-amd-rating-reiterated-by-susquehanna-bancshares-inc.html. The expected AMD's profit could reach $47.32M giving the stock 67.10 P/E in the case that $0.05 earnings per share is reported.

Advanced Micro Devices gained 4.7% to $13.74 today, and has gained another 3.9% to $14.27 in after-hours trading. The firm earned "Neutral" rating on Monday, January 11 by Goldman Sachs. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of "Hold" and an average price target of $13.89. The company was initiated on Tuesday, December 6 by Loop Capital. It has outperformed by 185.95% the S&P500.The move comes after 8 months negative chart setup for the $12.22B company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

On Wednesday, July 26th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $12.46, for a total transaction of $176,882.16. Following the completion of the sale, the chief executive officer now directly owns 2,037,139 shares in the company, valued at approximately $25,382,751.94.

The average 1-year price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) slipped over -2.4% at $13.41, after hitting low of $13.32 in an intra-day trade. Courtesy this report, AMD stock popped almost 5% in yesterday's trade. Aqr Management Lc has invested 0.05% of its portfolio in Advanced Micro Devices, Inc. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 5.97% and standing 2.75% away from 50-Day Simple Moving Average while traded up 7.52% from 200-Day Simple Moving Average. When analyzing the systematic risk associated with a stock, analysts look at beta, which measures the stock's volatility relative to the overall market. Riverhead Cap Mngmt Limited Liability invested 0.02% of its portfolio in Advanced Micro Devices, Inc. Given how fickle AMD stock has been, investors need to tread with caution from here onwards as the Relative Strength Index (RSI) indicator reading at 64.82, is very close to the overbought threshold of 70. The day's total volume of 126515103 this morning is in contrast from the three-month daily average of 71442.45K.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The company beat the analyst EPS Estimate with the difference of $0.03. (NASDAQ:AMD). Texas Permanent School Fund holds 0.08% of its portfolio in Advanced Micro Devices, Inc. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period a year ago, the business posted ($0.05) earnings per share. Mutual Of America Cap Limited Liability invested 0.02% in Advanced Micro Devices, Inc. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.

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