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AMD Looks Good: Stock Adds 9.8% in Session

Zacks Equity Research

Advanced Micro Devices, Inc. AMD was a big mover last session, as the company saw its shares rise nearly 10% 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 $26.24 to $28.29 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of five increase and three decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AMD currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative. 

Advanced Micro Devices, Inc. Price

Advanced Micro Devices, Inc. Price

Advanced Micro Devices, Inc. price | Advanced Micro Devices, Inc. Quote

Investors interested in the Electronics - Semiconductors industry may consider Cirrus Logic, Inc. CRUS, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AMD going up? Or down? Predict to see what others think:Up or Down

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