Advanced Micro Devices Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Advanced Micro Devices Inc. (AMD) slipped 2.32% to $97.95 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,970.99 and the Dow Jones Industrial Average rising 0.41% to 32,237.53. The stock's fall snapped a two-day winning streak. Advanced Micro Devices Inc. closed $27.72 below 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 Friday, as NVIDIA Corp. (NVDA) fell 1.52% to $267.79, Intel Corp. (INTC) rose 1.14% to $29.36, and Applied Materials Inc. (AMAT) fell 2.65% to $119.53. Trading volume (64.2 M) remained 44,477 below its 50-day average volume of 64.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 24, 2023.
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March 24, 2023 16:37 ET (20:37 GMT)
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