Advanced Micro Devices shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
Portfolio Pulse from Benzinga Newsdesk
Advanced Micro Devices (AMD) shares are trading lower following a downgrade by Morgan Stanley from Overweight to Equal-Weight.
June 10, 2024 | 11:31 am
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NEGATIVE IMPACT
Advanced Micro Devices (AMD) shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
The downgrade by a major financial institution like Morgan Stanley typically leads to a negative sentiment among investors, causing the stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100