AMD’s stock turns sharply lower as ethereum prices extend selloff

Shares of Advanced Micro Device erased early gains to close sharply lower in active trade Thursday, as it mirrored the reversal seen in prices of bitcoin rival Ether.

AMD’s stock AMD, -5.32% surged as much as 1.4% within the first few minutes of trade, before declining steadily. It fell into negative territory about 45 minutes after the open, and was down as much as 6.0% in afternoon trade before bouncing slightly to close down 5.3% at $13.53.

Volume reached 111.1 million shares, surpassing the full-day average of 93.2 million, and enough to make the stock the most actively traded on major U.S.

>>> Original Source <<<