Slipping Semiconductor Stocks: Micron Technology, Inc.(NASDAQ:MU), Spansion Inc(NYSE:CODE), and Advanced Micro Devices, Inc.(NYSE:AMD)
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Micron Technology, Inc.(NASDAQ:MU) saw its value decline by 2.22% yesterday as the stock lost $0.76 to fall to a closing price of $33.50. The stock remains $17.43 above its 52 week low of $16.17. To contrast, Micro Technology, Inc.(NASDAQ:MU) is currently situated $1.35 below its 52 week high of $34.85. The Idaho-based company produces semiconductor devices, including SDRAM, flash memory, and solid state drives. The stock gained twenty cents during after-hours trading.
Spansion Inc(NYSE:CODE) lost $1.50 during yesterday’s trading, finishing the day at a closing price of $21.29. The California-based semiconductor company, which products flash memory microcontrollers, currently has a bid price of $17.65 x 400 and an offer price of $25.24 x 100.. Spansion Inc(NYSE:CODE) currently has a market capitalization of $1.4 billion and 61.22 million tradeable shares. The company had a trading volume of 2.75 million yesterday, a figure which is 1.14 million higher than its three month average volume of 1.61 million.
Advanced Micro Devices, Inc.(NYSE:AMD) suffered a 1.76% decrease in value yesterday as the stock fell six cents, moving to a new closing price of $3.35. The mark represents a new three month closing price low for the stock which once closed for as much as $4.66 on July 16th, 2014. Moreover, Advanced Micro Devices, Inc.(NYSE:AMD) has been on a study decline since closing at a price of $4.28 on Aug. 20th, 2014. The semiconductor company is known for its line of central processing units and the ATI GPU brand.
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I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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