Advanced Micro Devices, Inc. (AMD) stock has risen 10.38% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Advanced Micro Devices, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMD!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With AMD Stock Today?
Advanced Micro Devices, Inc. (AMD) stock is trading at $97.05 as of 2:25 PM on Wednesday, May 18, a decline of -$5.42, or -5.29% from the previous closing price of $102.47. The stock has traded between $96.50 and $104.22 so far today. Volume today is 104,841,282 compared to average volume of 108,166,511.
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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.
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