Advanced Micro Devices, Inc. (AMD) Pulls Back From Highs

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Tech Sector competitor Advanced Micro Devices, Inc. (AMD) continued its consolidation on Tuesday the 26th. Since hitting highs on Friday (4/22) of $3.99, shares of AMD have consolidated to a level of just over $3.65 on Tuesday. The stock has seen higher lows and lower highs over the last three days of trading. Tech stocks have been mixed with AMD following suit to some of the laggards in the grouping of tech stocks.  Last week the company announced revenue for the first quarter of 2016 of $832 million, operating loss of $68 million, and net loss of $109 million, or $0.14 per share. Non-GAAP(1) operating loss was $55 million and non-GAAP(1) net loss was $96 million, or $0.12 per share.

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