Advanced Micro Devices Inc. Stock Falls Thursday, Underperforms Market
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Shares of Advanced Micro Devices Inc. (AMD) shed 1.00% to $106.63 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.84% to 4,505.10 and the Dow Jones Industrial Average rising 0.96% to 34,907.11.
Advanced Micro Devices Inc. closed $26.20 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 0.21% to $455.81, Intel Corp. (INTC) fell 0.10% to $38.67, and Applied Materials Inc. (AMAT) fell 0.01% to $144.57.
Trading volume (45.7 M) remained 16.1 million below its 50-day average volume of 61.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 14, 2023.
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September 14, 2023 16:37 ET (20:37 GMT)
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