Advanced Micro Devices Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Advanced Micro Devices Inc. (AMD) slid 0.82% to $105.72 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.16% to 4,507.66 and Dow Jones Industrial Average falling 0.48% to 34,721.91.
The stock's fall snapped a four-day winning streak.
Advanced Micro Devices Inc. closed $27.11 below its 52-week high ($132.83), which the company reached on June 13th.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) rose 0.18% to $493.55, Intel Corp. (INTC) rose 1.77% to $35.14, and Applied Materials Inc. (AMAT) rose 1.20% to $152.76.
Trading volume (58.4 M) remained 5.4 million below its 50-day average volume of 63.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 31, 2023.
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August 31, 2023 16:38 ET (20:38 GMT)
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