On 10/30/24, Advanced Micro Devices Inc (NASDAQ: AMD) stock suffered a major decline of -10.6%, closing at $148.60. Moreover, trading volume in this decline was exceptionally high at 240% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.6% 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 C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Advanced Micro Devices has a slightly positive Appreciation Score of 60 but a slightly negative Power Rating of 35, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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