Advanced Micro Devices Makes Another Run At $5.50 Level

Advanced Micro Devices

shares are trading higher by $0.26 or 5 percent at $4.36 in Tuesday's session. The issue had added nearly 10 percent since it was upgraded by Cannaccord Genuity on June 16 to a Buy with a $6 price target. After a flat open, it bottomed one penny under Monday's close at $5.09 and began to move higher. So far, the rally is stalling ahead of Monday's high ($5.45) as the current high stands at $5.41.