History Shows AMD could rally into earnings


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By Dmitry Pargamanik

AMD Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, AMD stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 4.9% Gains
AMD is scheduled to report earnings on 31-Jan-2023. The last time Advanced Micro Devices reported earnings on Nov 01, 2022, the stock dropped by -1.7% to close at $58.63. At its current price of $73.08, AMD post earnings drift is +24.8%. Typically, traders tended to bid up AMD shares (heading into earnings) prior to its scheduled release.

AMD Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves AMD had for the last 12 quarters around earnings. The 3 day run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 4.9%. That was actually a better bullish play than holding AMD through earnings that saw a 0.2% gain.

AMD historical stock price movement before earnings

Go to AMD Historical Price Movements Around Earnings page



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