Advanced Micro Devices Stock Falls On Unusually High Volume (AMD)
Advanced Micro Devices (NYSE:AMD) is trading at unusually high volume Friday with 94.5 million shares changing hands. It is currently at four times its average daily volume and trading down 44 cents (-16.8%).
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) -- Advanced Micro Devices (NYSE: AMD) is trading at unusually high volume Friday with 94.5 million shares changing hands. It is currently at four times its average daily volume and trading down 44 cents (-16.8%) at $2.18 as of 2:55 p.m. ET.
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Advanced Micro Devices has a market cap of $1.96 billion and is part of the technology sector and electronics industry. Shares are down 51.5% 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. See all heavy volume stocks in our stocks moving on unusual volume list or get 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.