Advanced Micro Devices Inc. Stock Falls Monday, Underperforms Market
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Shares of Advanced Micro Devices Inc. (AMD) slipped 0.73% to $105.32 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.67% to 4,487.46 and the Dow Jones Industrial Average rising 0.25% to 34,663.72.
This was the stock's fourth consecutive day of losses.
Advanced Micro Devices Inc. closed $27.51 below its 52-week high ($132.83), which the company reached on June 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as NVIDIA Corp. (NVDA) fell 0.86% to $451.78, Intel Corp. (INTC) rose 1.53% to $38.59, and Applied Materials Inc. (AMAT) fell 0.56% to $146.71.
Trading volume (50.4 M) remained 11.4 million below its 50-day average volume of 61.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 11, 2023.
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September 11, 2023 16:37 ET (20:37 GMT)
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