Advanced Micro Devices Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Advanced Micro Devices Inc. (AMD) sank 0.91% to $95.93 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. This was the stock's second consecutive day of losses. Advanced Micro Devices Inc. closed $29.74 short of its 52-week high ($125.67), which the company reached on March 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as NVIDIA Corp. (NVDA) rose 1.15% to $261.99, Intel Corp. (INTC) fell 2.40% to $28.46, and Applied Materials Inc. (AMAT) fell 2.93% to $120.40. Trading volume (85.1 M) eclipsed its 50-day average volume of 62.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 16:36 ET (20:36 GMT)
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