Advanced Micro Devices (AMD) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $7.13 million worth of transactions were on upticks, whereas, the downticks accounted for $5.77 million worth of transactions. The net money flow was a positive $1.35 million and the uptick to downtick ratio was 1.23. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.3 in their favor. The net money flow into the stock was $1.56 million. The value of block trades done on downticks was only $1.2 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.76 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Advanced Micro Devices (AMD) was trading at $7.46, down $0.13 during day. The stock slid -1.66% over the previous days close. For the week, the stock recorded -2.69% over the previous weeks close.
Also, Brokerage firm Credit Suisse maintains its rating on Advanced Micro Devices (NASDAQ:AMD). As per the latest information, the brokerage house raises the price target to $5.5 per share from a prior target of $3.5. The shares have been rated Underperform. The rating by the firm was issued on July 22, 2016.
Advanced Micro Devices, Inc. has dropped 2.35% in the last five trading days, however, the shares have posted positive gains of 12.8% in the last 4 weeks. Advanced Micro Devices, Inc. is up 69.07% in the last 3-month period. Year-to-Date the stock performance stands at 160.98%.
Advanced Micro Devices (NASDAQ:AMD): The stock opened at $7.61 on Tuesday but the bulls could not build on the opening and the stock topped out at $7.64 for the day. The stock traded down to $7.41 during the day, due to lack of any buying support eventually closed down at $7.49 with a loss of -1.32% for the day. The stock had closed at $7.59 on the previous day. The total traded volume was 16,088,129 shares.
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.