Advanced Micro Devices, Inc (NYSE:AMD) up by 5.57%, Federated Investors Inc (NYSE:FII)
Miami, FL 05/14/2013 (GDPInsider) – Advanced Micro Devices, Inc (NYSE:AMD): The trading session on Monday saw Advanced Micro Devices, Inc (NYSE:AMD) shares rising by 5.57%. The opening price of $3.95 and made a intraday high of $4.22 before settling down to $4.17. The total number of shares floated in Monday’s trading session was around 54.89 million, which stood above the average volume of 29.22 million, measured over a 30-day period.
Over the past fortnight, the company has seen several leaps. It finally seems like there is some stability in chip prices. The grapevine also has it that the new versions of the PlayStation 4 and the Xbox gaming consoles will be outfitted with the Advanced Micro Devices. This news has been bait for investors who were previously bearish, to finally climb onto the bandwagon and it seems like a rebound is on the cards. Though the path looks like its clearing, AMD still has quite a run to make to lodge itself in a niche in the mobile and cloud computing markets. Nevertheless, its rise over the past few days has been a ray of sunlight for shareholders after a long period of overcast weather.
Is AMD a solid investment at these levels? Get valuable updates and exclusive insights here.
Federated Investors Inc (NYSE:FII): The trading session on Monday saw Federated Investors Inc (NYSE:FII) shares rising by 2.37%. The opening price of $24.05 touched an intraday high of $24.81 per share before setting down to $24.66. The total number of shares traded in Monday’s trading session was in the range of 1.27 million, which stood above the average volume of 0.834 million, measured over a 30-day period.
Federated Investors Inc (NYSE:FII) is an asset manager and one of Wall Street’s largest publicly traded, fixed income managers. The company has in excess of $380 billion worth of assets under its management. This is divided into a combination of equity funds, Money market and fixed income. In totality, of its assets, $300 billion are in money market funds and fixed income. Both of these have an upside on swing rates. The zero interest rate policy of that the Federal Reserve launched led to company to take a hit on its money-market accounts.
FII axed its fees and thus ends up losing millions of dollars worth of business every year. It looks forward to the fact that the rise in rates will allow it newer fund management fees that are higher as well.
How Should Investors Trade FII Now? Get the latest trends and data here.
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