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
€174.64
-1.310%
The stock is one of the favorites of our community with 106 Buy predictions and 2 Sell predictions.
With a target price of 230 € there is a positive potential of 31.7% for Advanced Micro Devices Inc. compared to the current price of 174.64 €.
