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Advanced Micro Devices Reaches Highest Level Since October 2007

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Advanced Micro Devices Reaches Highest Level Since October 2007
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Advanced Micro Devices, Inc. (NYSE: AMD) shares are trading higher by $0.18 (1.2 percent) at $14.18 in Wednesday's session. This is on top of its $0.87 move from Tuesday.

Over the last three sessions (including today), it has rallied from $12.97 to $14.50. On Tuesday, it was reported AMD's new Ryzen processors will begin shipping next week.

After a higher open, the stock sprinted to $14.50 before reversing course. That marks the highest level for the issue since October 2007, when it peaked at $14.73.

Since making that high, it has been drifting lower towards Tuesday 's close of $14.00 as $14.12 stands as the current low for the day as of 10:17 a.m. ET.

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