Advanced Micro Devices Inc (NASDAQ: AMD) stock suffered a major decline of -10.2% on 7/17/24. The shares closed at $159.43. Moreover, trading volume in this decline was above average at 148% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, AMD is expected to continue to be an important Value Builder.
Advanced Micro Devices has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Advanced Micro Devices has a neutral Appreciation Score of 51 but a very high Power Rating of 89, with the Highest Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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