The second-biggest maker of processors for PC, Advanced Micro Devices, Inc. (NYSE:AMD), surged on Tuesday the most in two months after Reuters declared that firm appointed JPMorgan Chase & Co. (NYSE:JPM) to explore options including a sale.
The shares surged 5.03% to $2.09 at the close in New York. Previously, they rose around 18% to $2.35 for the largest intraday gain since July 2011. AMD pared its plunged for the year to 61%.
In previous month, AMD anticipate Q4 sales that plunged short of analysts’s anticipates and declared that it would reduced 15% of its staff, quoting weak demand across all product lines in a challenging economic environment. AMD connected other makers of computer components suffering argue from slow growth and a shift in consumer tastes toward mobile devices, gone from traditional desktop and laptop machines.
Advanced Micro Devices, Inc. (NYSE:AMD) opened at $2.04 with 711.95 million outstanding shares and touch its highest price of $2.05 of the day and then finished at $1.93 by scoring -7.66%, as in the whole session stocks gain volume of 40.05 million shares which is higher than its average volume.
As the owner ship concerns stock institutional ownership remained 80.69% while insider ownership included 0.18%. The share capital of AMD has 711.95 million outstanding shares amid them 706.06 million shares have been floated in market.
For investors focus on the performance of the stocks so the AMD showed weekly behind performance of -3.98% which was maintained for the month at -29.56%. The negative performance for the quarter was remained -53.16% and if took notice on yearly performance that was -67.56% whereas the year to date performance halted at -64.26%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the AMD return on investment was recorded as -27.43% as compare to its rivals has Intel Corporation (NASDAQ:INTC)’s ROI 19.64%, Texas Instruments Incorporated (NASDAQ:TXN)’s ROI 10.50%, ON Semiconductor Corp. (NASDAQ:ONNN)’s ROI 1.62%, Atmel Corporation (NASDAQ:ATML)’s ROI 6.23%.