Why Advanced Micro Devices Stock Just Dropped
Advanced Micro Devices (NASDAQ: AMD) stock tumbled 5% through 2:35 p.m. ET Friday -- but maybe it should not have?
In a note out this morning, Wells Fargo analyst Aaron Rakers both identified the catalyst behind today's AMD stock decline and also explained why he thinks today's sell-off is a mistake.
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Stock
€199.80
-5.130%
The stock is one of the favorites of our community with 110 Buy predictions and 3 Sell predictions.
With a target price of 241 € there is a positive potential of 20.62% for Advanced Micro Devices Inc. compared to the current price of 199.8 €.
