Tech content trusted by users in North America and around the world
6,795 Reviews & Articles | 46,941 News Posts
Make us an awesome TweakTown wallpaper, win a Corsair Hydro H110i GT

AMD's stock falls 13% after Goldman Sachs rates the stock a 'sell'

AMD's stock declines 13% after Goldman Sachs analyst downgrades stock to "sell"
| Business, Financial & Legal News | Posted: May 16, 2013 11:02 pm

AMD's stock has fallen by over 13 percent today after Goldman Sachs' analyst James Covello downgraded their stock rating to "sell." Part of the reason for the downgrade is the faltering PC market in which sales are showing no signs of recovering.




AMD has had a few big wins lately. AMD was chosen to be the component provider for both Microsoft's and Sony's new next-generation gaming consoles. However, Covello doesn't believe that's enough to justify AMD's recent high of $4.40 per share.


AMD's stock has fallen 12.56 percent, down $0.55 to end at $3.83. After-hours trading hasn't been nice to the chip maker, either, with its stock falling an additional $0.01.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases