Advanced Micro Devices, Inc. (AMD) saw a big move last session, as the company’s shares fell more than 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AMD, as the stock is now down nearly 28% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

AMD currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the technology sector include Ambarella, Inc. (AMBA), Amkor Technology, Inc. (AMKR) and Avago Technologies Limited (AVGO). All these stocks carry a Zacks Rank #1 (Strong Buy).

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ADVANCED MICRO DEVICES INC (AMD): Free Stock Analysis Report

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