Large Outflow of Money Witnessed in Advanced Micro Devices, Inc.

Shares of Advanced Micro Devices, Inc. (AMD) advanced to $12.06. The price had gained 16.3% or 1.69 points intraday. The latest trading session witnessed $347.88 million in upticks and $374.86 million in downticks, resulting in net money flow of (-26.98) million. The up/down ratio for the day stood at 0.93. On a weekly scale, the price has seen a change of 13.03%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-23.67) million occurred during the day. $69.93 million in uptick and $93.61 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.75.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Advanced Micro Devices, Inc. rose by 16.52% in the last five trading days and 6.35% for the last 4 weeks. Advanced Micro Devices, Inc. is up 66.8% in the last 3-month period. Year-to-Date the stock performance stands at 6.35%. Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 16.3% or 1.69 points on Wednesday and made its way into the gainers of the day. After trading began at $10.9 the stock was seen hitting $12.14 as a peak level and $10.81 as the lowest level. The stock ended up at $12.06. The daily volume was measured at 165,939,280 shares. The 52-week high of the share price is $12.42 and the 52-week low is $1.81. The company has a market cap of $11,178 million.

Company has reported several Insider transactions to the SEC, on Jan 18, 2017, Harry A Wolin (SVP & GC) sold 33,928 shares at 9.96 per share price.On Jan 18, 2017, Mark D Papermaster (SVP & Chief Technology Officer) sold 91,476 shares at 9.96 per share price.On Jan 18, 2017, Devinder Kumar (SVP, CFO & Treasurer) sold 56,240 shares at 9.96 per share price.

Advanced Micro Devices Last issued its quarterly earnings results on Jan 31, 2017. The company reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $-0.02. The company had revenue of $1106.00 million for the quarter, compared to analysts expectations of $1071.50 million. The companys revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Canaccord Genuity on Feb 1, 2017 to Buy, Raises Price Target to $ 14 from a previous price target of $13 .Advanced Micro Devices was Upgraded by Mizuho on Dec 20, 2016 to Buy, Price Target of the shares are set at $13.Advanced Micro Devices was Upgraded by Morgan Stanley to Equal-Weight on Dec 15, 2016. Advanced Micro Devices was Upgraded by BofA/Merrill to Buy on Dec 8, 2016. Advanced Micro Devices was Initiated by Loop Capital to Buy on Dec 6, 2016.

Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Todays world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMDs three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious rate always driving the industry to deliver more and more, faster and faster. AMDs dedication to customer-centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business, through an ever-broadening product portfolio.


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