Are These Tech Companies Worth Your Attention? Advanced Micro Devices, Inc.(NYSE:AMD) and Globalstar, Inc.(NYSEMKT:GSAT)

Posted by admin August 21, 2014 0 Comment 1960 views

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Advanced Micro Devices, Inc.(NYSE:AMD) gained one cent during yesterday’s trading to move to a new closing price of $4.28. The modest gain represents only a 0.23% increase in value. However, it may also be indicative of a new trend for the California-based computer processor developer: AMD’s stock has risen during each of the last four trading days. The stock has also risen a total of $0.55 since Jul. 28th, 2014.

Yesterday, Advanced Micro Devices, Inc.(NYSE:AMD) announced that it would be collaborating with OCZ Storage Solutions to improve is Radeon R7 Series Solid State Drives product line. The company claims the new parternship will help gamers to experience an enhanced experience at a budget price. AMD’s 120GB model of the Radeon R7 Series SSD is currently available for only $99.

Should Stockholders Be Excited By AMD’s Direction? View Our Free AMD Analysis.

Globalstar, Inc.(NYSEMKT:GSAT) fell twelve cents during yesterday’s trading, a 2.9% decrease in value that left the stock at a closing price of $4.02. The stock, which traded within a range of $3.99 to $4.18 during the day, remains only $0.51 below its 52 week high of $4.53. However, stockholders may want to exercise caution due to the fact that the stock’s value may have only spiked due to Qualcomm’s recent purchase of 4.15 million shares of Globalstar’s stock.

The Louisiana-based mobile voice and data communications services company reported its second quarter financial results on Aug. 11th, 2014. Therein, Globalstar, Inc.(NYSEMKT:GSAT) reported a net loss of forty-eight cents per share for the period, which is substantially worse than its twenty-five cent loss per share figure recoded for the same period during the previous fiscal year.

Will Globalstar Remain Above The $4 Mark? Receive A Free GSAT Analysis.

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