On a previous article I said, one of the reasons why Advanced Micro Devices (NYSE: AMD ) was trading at such a low price/sales ratio compared to Intel (NASDAQ: INTC ) , was because AMD is a turnaround situation play and still has balance sheet issues.
Specifically, put volume on Advanced Micro Devices, Inc. surged to six times the norm on Friday, as the stock's steep post-earnings plunge triggered a short-selling restriction -- effectively herding bearish traders into AMD's options pits.
In my previous article, I briefly wrote that AMD's (NYSE:AMD) third-quarter guidance seemed rather conservative as we head into the company's stronger half of the year. Last week, the pre-earnings rally brought the stock to a new 52-week high of $4.80 ...
Currently, 18.1% of the company's shares are short sold. A number of research firms have recently commented on AMD. Analysts at Deutsche Bank reiterated a �hold� rating on shares of Advanced Micro Devices in a research note on Friday, July 18th.