Advanced Micro Devices Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Advanced Micro Devices Inc. (AMD) slid 4.82% to $101.49 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.22% to 4,450.32 and Dow Jones Industrial Average falling 0.83% to 34,618.24.
This was the stock's second consecutive day of losses.
Advanced Micro Devices Inc. closed $31.34 below its 52-week high ($132.83), which the company achieved on June 13th.
The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. (NVDA) fell 3.69% to $439.00, Intel Corp. (INTC) fell 2.04% to $37.88, and Applied Materials Inc. (AMAT) fell 4.37% to $138.25.
Trading volume (70.7 M) eclipsed its 50-day average volume of 61.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 15, 2023.
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September 15, 2023 16:37 ET (20:37 GMT)
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