drescherjm
[H]F Junkie
- Joined
- Nov 19, 2008
- Messages
- 14,941
Their stock just sunk below $3 and is still falling. If they don't pull a rabbit out of their hat next week, this could be it.
This is probably the driving force for the stock price:
Advanced Micro Devices, Inc. (NYSE:AMD) made a new 52-week low of $2.97 in the current trading session after Wedbush slashed its ratings for the semiconductor company, from Outperform to Neutral and cut its price target for the stock from $6 per share to $3 per share, in a research report sent to investors on 9th of October. AMD shares are trading in the range of $2.97 to $3.20. The company has a market capitalization of $2.34 billion and P/E ratio of 28.46.