Advanced Micro Devices, Inc. (AMD) stock has risen 2.03% over the past week and gets a Bullish rating from InvestorsObserver’s Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What’s Happening With AMD Stock Today?
Advanced Micro Devices, Inc. (AMD) stock is lower by -2.67% while the S&P 500 is up 0.08% as of 2:20 PM on Tuesday, Jan 12. AMD is down -$2.60 from the previous closing price of $97.25 on volume of 47,752,961 shares. Over the past year the S&P 500 has risen 15.65% while AMD is up 94.15%. AMD earned $0.73 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 129.94.
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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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