The Ratings Game: AMD stock jumps after analyst upgrades 2 months after turning bearish [MarketWatch]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.amd.com/investor-overview
Company Research
Source: MarketWatch
AMD stock jumps after analyst upgrades 2 months after turning bearish Shares of Advanced Micro Devices Inc. surged Wednesday, after the chip maker was upgraded by Susquehanna analyst Christopher Rolland, who cited a mended cryptocurrency outlook, better-than-expected earnings and an improved competitive outlook. Rolland raised his rating to neutral, after downgrading the stock to sell on March 26, saying “ a lot can change in two months .” He also raised his stock price target by 38% to $11, which was now 15% below current levels, from $8. The shares AMD, +2.81% rallied 3.0% in afternoon trade, and were up as much as 4.3% at a 3 1/2-month high of $12.98 earlier in the session. They have now run up 32% since AMD reported first-quarter results after the April 25 close . After the results, Rolland had said while the results were “constructive,” risks of an Ethereum-related in the second half of the year remained “under-addressed.” What prompted Rolland to get bearish in March was his
Show less
Read more
Impact Snapshot
Event Time:
AMD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AMD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AMD alerts
High impacting Advanced Micro Devices, Inc. news events
Weekly update
A roundup of the hottest topics
AMD
News
- Global Data Center Chip Market Report by Chip Type, Data Center Size, Industry Vertical, and Region 2024-2032 [Yahoo! Finance]Yahoo! Finance
- AMD Receives IEEE 2024 Corporate Innovation Award for Leadership in Chiplet Design for High-Performance and Adaptive Computing [Financial Post (Toronto, Ontario, Canada)]Financial Post
- AMD Receives IEEE 2024 Corporate Innovation Award for Leadership in Chiplet Design for High-Performance and Adaptive Computing [Yahoo! Finance]Yahoo! Finance
- AMD Receives IEEE 2024 Corporate Innovation Award for Leadership in Chiplet Design for High-Performance and Adaptive ComputingGlobeNewswire
- Stock Market News for May 7, 2024 [Yahoo! Finance]Yahoo! Finance
AMD
Earnings
- 4/30/24 - Beat
AMD
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- AMD's page on the SEC website