🔴 AMD is trading 3.8% down today following a Northland Capital Markets downgrade and profit-taking

AMD is trading at $322.25 (-3.8%) in pre-market, extending a -4.4% decline from the previous session driven by a Northland Capital Markets downgrade to Market Perform.

• The drop follows a sharp rally from $305.33 on April 23, as investors engage in profit-taking after the stock closed at $334.63 on April 27.
• The downward movement aligns with a 0.54% decline in the Nasdaq amid light economic news and a lack of new company-specific catalysts today.