Company Shares of Advanced Micro Devices Rally 21.76%

Advanced Micro Devices (NASDAQ:AMD) has climbed 21.76% in the past week and advanced 35.92% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 23.22% and the outperformance has advanced to 34.68% for the last 4 weeks period.

Advanced Micro Devices (NASDAQ:AMD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.75 and $4.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.26, notching a gain of 10.74% for the day. The total traded volume was 64,894,090 . The stock had closed at $4.75 on the previous day.

The company shares have rallied 103.88% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $5.27 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $4.08 and the 200 Day Moving Average price is recorded at $2.88.

Many analysts have stated their opinion on the company shares. Canaccord Genuity upgrades its view on Advanced Micro Devices (NASDAQ:AMD) according to the research report released by the firm to its investors. Earlier, the shares had a rating of Hold. Canaccord Genuity raises the price target from $3.25 per share to $6 per share on Advanced Micro Devices . The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 1% of Advanced Micro Devices shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -64.83% . Institutional Investors own 40.18% of Advanced Micro Devices shares. During last six month period, the net percent change held by insiders has seen a change of -64.83%.

Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.

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