Advanced Micro Devices Inc. Stock Slides 5.5%, Underperforms Peers

Dow Jones04:35

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Advanced Micro Devices Inc. shed 5.5% to $429.56 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.5% to 7,316.15 and Dow Jones Industrial Average falling 2.2% to 51,594.14.

This was the stock's fifth consecutive day of losses.

Advanced Micro Devices Inc. closed 26.5% short of its 52-week high of $584.73, which the company achieved on June 30th.

The stock demonstrated a mixed performance when compared to some of its peers, as NVIDIA Corp. fell 3.6% to $190.01, Intel Corp. fell 5.1% to $81.88, and Applied Materials Inc. fell 8.40% to $436.45.

Trading volume totaled 31.8 million, compared to the 50-day average of 30.3 million.

Data source: Dow Jones Market Data, FactSet

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