AMD Stock Dips Below $86: Analyzing Friday’s Price Action for NASDAQ:AMD

Advanced Micro Devices Inc. (NASDAQ: AMD) finished the trading week on a lower note, with its share price declining during Friday’s session. Investors tracked the semiconductor company’s performance as it navigated market fluctuations.

Shares of AMD closed the official trading day at

1.94, or 2.22%, from the previous day’s close of $87.50. The downward trend extended slightly into after-hours trading, with the stock quoted at $85.12, down an additional $0.31 (0.51%), as of 7:43 pm GMT-4 on April 21st.

Examining the day’s activity, AMD stock opened at $86.02. It reached an intraday high of 83.75** before recovering some ground into the close.

This price action places AMD closer to its 52-week low of $76.48 than its 52-week high of $187.28. Key financial metrics noted include a P/E ratio of 85.35. Advanced Micro Devices currently does not provide a dividend yield. Market watchers observed the intraday support level near the $83.75 low and resistance encountered around the $86 mark earlier in the session.