Today’s Research Reports on Trending Tickers: Advanced Micro Devices and Micron Technology
NEW YORK, NY / ACCESSWIRE / March 5, 2018 / U.S. markets were mixed Friday as investors awaited details on the potential fallout from President Trump's tariffs on steel and aluminum imports. The Dow Jones Industrial Average declined 0.29 percent to close at 24,538.06, its fourth consecutive decline, while the S&P 500 rallied late to close at 2,691.25, an increase of 0.51 percent. The Nasdaq Composite Index increased 1.08 percent to close at 7,257.87.
"The tariff announcement that was made is being considered to be a lot more serious than people were expecting," said Tom Martin, senior portfolio manager at Globalt, according to CNBC. "Many people thought this would be more targeted. Instead, it's like hitting something with a blunt instrument."
RDI Initiates Coverage on:
Advanced Micro Devices, Inc.
https://rdinvesting.com/news/?ticker=AMD
Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU
Advanced Micro Devices' stock edged 0.76% lower Friday, to close the day at $11.81. The stock recorded a trading volume of 58,123,518 shares, which was above its three months average volume of 54,263,461 shares. In the last year, Advanced Micro Devices' shares have traded in a range of 9.70 - 15.65. The share price has gained 21.55% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $12.25 is greater than its 200-day moving average of $12.06. Shares of Advanced Micro Devices are trading at a Price to Earnings ratio of 295.25. Shares of Advanced Micro Devices have fallen roughly 5.14 percent in the past month and are up 14.88 percent year-to-date.
Access RDI's Advanced Micro Devices, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMD
On Friday, shares of Micron Technology recorded a trading volume of 52,492,924 shares, which was above the three months average volume of 42,421,871 shares. The stock ended the day 3.13% higher at 49.11. The share price has gained 97.94% from its 52 week low with a 52 week trading range of 24.81 - 49.89. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $43.67 is greater than its 200-day moving average of $40.99. Shares of the company are trading at a Price to Earnings ratio of 7.68. Shares of Micron Technology have gained roughly 20.31 percent in the past month and are up 19.43 percent year-to-date.
Access RDI's Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU
Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and Micron Technology, Inc. (NASDAQ:MU) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
