Advanced Micro Devices Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Advanced Micro Devices Inc. (AMD) advanced 1.53% to $76.40 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.59% to 4,027.26 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. This was the stock's second consecutive day of gains. Advanced Micro Devices Inc. closed $88.06 below its 52-week high ($164.46), which the company achieved on November 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 3.00% to $165.19, Intel Corp. (INTC) fell 0.50% to $29.67, and Texas Instruments Inc. (TXN) rose 0.99% to $178.98. Trading volume (81.4 M) remained 6.6 million below its 50-day average volume of 88.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.
(END) Dow Jones Newswires
November 23, 2022 16:36 ET (21:36 GMT)
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