Advanced Micro Devices Stock Gaps Down On Today's Open (AMD)
Shares of Advanced Micro Devices (NYSE:AMD) were gapping down Friday morning with an open price 10.3% lower than Thursday's closing price. The stock closed at $3.20 yesterday and opened today's trading at $2.87.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Shares of Advanced Micro Devices (NYSE: AMD) were gapping down Friday morning with an open price 10.3% lower than Thursday's closing price. The stock closed at $3.20 Thursday and opened today's trading at $2.87.
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The average volume for Advanced Micro Devices has been 22.2 million shares per day over the past 30 days. Advanced Micro Devices has a market cap of $2.23 billion and is part of the technology sector and electronics industry. Shares are down 40.7% year to date as of the close of trading on Thursday. Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company designs, develops, and sells microprocessor products, such as central processing unit (CPU) and accelerated processing unit (APU) for servers, desktop personal computers (PCs), and mobile devices. TheStreet Ratings rates Advanced Micro Devices as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Advanced Micro Devices Ratings Report. Get more investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.