Do Traders Think Advanced Micro Devices, Inc. (AMD) Can Turn Around Wednesday?

Advanced Micro Devices, Inc. (AMD) stock is down 7.61% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Advanced Micro Devices, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AMD!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With AMD Stock Today?

Advanced Micro Devices, Inc. (AMD) stock has fallen -1.46% while the S&P 500 has risen 0.04% as of 10:23 AM on Wednesday, Aug 31. AMD is down -$1.27 from the previous closing price of $86.94 on volume of 13,437,550 shares. Over the past year the S&P 500 is down -11.95% while AMD is down -23.04%. AMD earned $2.38 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 35.86.

More About Advanced Micro Devices, Inc.

For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies - the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. Click Here to get the full Stock Report for Advanced Micro Devices, Inc. stock.