Advanced Micro Devices, Inc. (AMD) stock has fallen 2.51% over the past week and gets a Bullish rating from InvestorsObserver’s Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What’s Happening With AMD Stock Today?
Advanced Micro Devices, Inc. (AMD) stock is trading at $79.51 as of 10:55 AM on Tuesday, Oct 27, a loss of -$2.72, or -3.31% from the previous closing price of $82.23. The stock has traded between $78.20 and $82.37 so far today. Volume today is elevated. So far 65,735,644 shares have traded compared to average volume of 49,115,185 shares.
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More About Advanced Micro Devices, Inc.
Advanced Micro Devices designs and produces microprocessors for the computer and consumer electronics industries. The majority of the firm’s sales are in the computer market via CPUs and GPUs. AMD acquired graphics processor and chipset maker ATI in 2006 in an effort to improve its positioning in the PC food chain. In 2009, the firm spun out its manufacturing operations to form a foundry joint venture, GlobalFoundries.
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