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Advanced Micro Devices Inc. Stock Slides 3.5%, Underperforms Peers

Dow Jones
59 mins ago

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Advanced Micro Devices Inc. shed 3.5% to $456.75 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.3% to 53,417.16 and the S&P 500 Index falling 0.3% to 7,652.86.

The stock's fall snapped a two-day winning streak.

Advanced Micro Devices Inc. closed 21.9% short of its 52-week high of $584.73, which the company achieved on June 30th.

The stock underperformed when compared to some of its peers, as NVIDIA Corp. fell 2.9% to $208.48, Intel Corp. fell 3.1% to $87.26, and Applied Materials Inc. fell 1.65% to $484.19.

Trading volume totaled 15.9 million, compared to the 50-day average of 28.0 million.

Data source: Dow Jones Market Data, FactSet

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