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
€213.60
-1.250%
The stock is one of the favorites of our community with 106 Buy predictions and 3 Sell predictions.
With a target price of 245 € there is a slightly positive potential of 14.7% for Advanced Micro Devices Inc. compared to the current price of 213.6 €.
