00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Advanced Micro Devices shares fell nearly 3% in Monday pre-market trading,
00:07as rising treasury yields and higher crude oil prices pressured high-growth technology stocks,
00:12according to Benzinga. Nasdaq futures fell 1.05%, while S&P 500 futures declined 0.56%.
00:21AMD's decline appeared tied largely to broader market pressure,
00:25rather than a company-specific development. The stock remains in a strong,
00:29longer-term uptrend, but is trading near the upper end of its 52-week range.
00:34AMD's Relative Strength Index stands at 73.24, above the 70 level typically associated with
00:41overbought conditions. Shares are also trading well above their 20-day, 50-day, and 200-day
00:47simple moving averages. Bank of America, Piper Sandler, and Raymond James issued bullish ratings
00:53on AMD, with price targets ranging from $600 to $720. Shares fell 2.69% to $630.64 in pre
01:04-market trading,
01:04according to Benzinga Pro Data.
01:06For all things money, visit Benzinga.com.
