Should you buy AMD stock before earnings?

21 October 2024, 11:00 AM

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By Dmitry Pargamanik

AMD Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, AMD stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 3.0% Gains
AMD is scheduled to report earnings on 29-Oct-2024. The last time Advanced Micro Devices reported earnings on Jul 30, 2024, the stock increased by 4.4% to close at $144.48. At its current price of $154.49, AMD post earnings drift is +6.9%. 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 1 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 3.0%. That was actually a better bullish play than holding AMD through earnings that saw a -0.3% decline.

AMD historical stock price movement before earnings

Go to AMD Historical Price Movements Around Earnings page



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