Advanced micro devices is taking a big hit today after earnings came out this afternoon. The company has been trading in high volume for the past month and to pumped up to over $15 in recent weeks. Today AMD closed at $13.62. But right after market close they released the first quarter earnings for 2017 and the stock took a crash currently trading around 12.54.
I personally think the stock is overvalued at this point in time. But would be a good stock to hold long at this price. It will most likely drop a bit more before it corrects itself.
