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Advanced Micro Devices (AMD) Jumps: Stock Rises 8.5%

By Zacks Investment ResearchStock MarketsApr 04, 2019 08:36AM ET
www.investing.com/analysis/advanced-micro-devices-amd-jumps-stock-rises-85-200403840
Advanced Micro Devices (AMD) Jumps: Stock Rises 8.5%
By Zacks Investment Research   |  Apr 04, 2019 08:36AM ET
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Advanced Micro Devices, Inc. (NASDAQ:AMD) was a big mover last session, as the company saw its shares rise nearly 9% 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 $22.01 to $27.89 in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has 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 currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Electronics - Semiconductors industry may consider a better-ranked stock like Cabot Microelectronics Corporation (NASDAQ:CCMP) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report

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Advanced Micro Devices (AMD) Jumps: Stock Rises 8.5%
 

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Advanced Micro Devices (AMD) Jumps: Stock Rises 8.5%

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