Advanced Micro Devices (AMD) in Focus: Stock Rises 8.2%

Advanced Micro Devices, Inc. AMD was a big mover last session, as its shares rose over 8% on the day. The move came after analysts at Bank of America upgraded the stock to Buy from Underperform just one week after Jim Cramer mentioned the company as a potential acquisition target. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.30 to $9.56 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Advanced Micro Devices carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

ADV MICRO DEV Price

 

ADV MICRO DEV Price | ADV MICRO DEV Quote

A better-ranked stock in the electronics-semiconductors space is On Track Innovations Ltd. OTIV, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AMD going up? Or down? Predict to see what others think: Up or Down

The Best Place to Start Your Stock Search

Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ADV MICRO DEV (AMD): Free Stock Analysis Report
 
ON TRACK INNOV (OTIV): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research