Advanced Micro Devices Inc. Stock Rises Wednesday, Outperforms Market
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Shares of Advanced Micro Devices Inc. (AMD) rose 3.97% to $85.37 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. This was the stock's second consecutive day of gains. Advanced Micro Devices Inc. closed $40.30 short of its 52-week high ($125.67), which the company reached on March 30th.
The stock outperformed some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 3.83% to $241.81, Intel Corp. (INTC) rose 1.76% to $25.98, and Applied Materials Inc. (AMAT) rose 1.96% to $118.65. Trading volume (69.3 M) eclipsed its 50-day average volume of 55.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.
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March 08, 2023 16:36 ET (21:36 GMT)
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