An analyst downgrade in Advanced Micro Devices Stock (AMD) is all it took to send this stock collapsing lower. Barclays had an outperform rating and a price target of $148 which was too high for the stock to begin with. They cut their outlook to equal-weight which basically means sell it, and to a price target of $115. The bank said the downgrade was because of “cyclical risk across several end markets,” including PC and gaming.
This Advanced Micro Devices Stock (AMD) downgrade also hurt other stocks including Dell and HP today.
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AMD Stock – 3rd Trade Alert and Idea for Thu Mar 31 2022
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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