Why AMD Stock Is Sinking Today
(NASDAQ: AMD) stock is losing ground in Wednesday's trading. The semiconductor company's share price was down 3.6% as of 11:45 a.m. ET and had been down as much as 5.2% earlier in the session.
AMD stock is falling today on the heels of bearish coverage from HSBC. The firm issued a rare double downgrade for its rating on the stock and slashed its one-year price target.
In a note published before the market opened this morning, HSBC downgraded its rating on AMD stock from buy to reduce. The firm's analysts also cut their one-year price target from $200 per share to $110 per share. As of this writing, the new price target suggests additional downside of 10%.
Source Fool.com
Advanced Micro Devices Inc. Stock
€421.05
12.260%
The stock is one of the favorites of our community with 109 Buy predictions and 3 Sell predictions.
With a target price of 521 € there is a positive potential of 23.74% for Advanced Micro Devices Inc. compared to the current price of 421.05 €.
