Here's What September Has Done to AMD Stock Over the Past 10 Years
Eight of the past 10 Septembers took the chip stock lower. The market's own September record explains only part of that.
Overview
September begins tomorrow, and for shareholders of Advanced Micro Devices (NASDAQ:AMD), the month arrives with a track record worth knowing. Over the past decade, September has been the chipmaker's least friendly month by a wide margin: the stock fell in eight of the past 10 Septembers, with a median decline of about 5%.
A pattern built on 10 data points deserves skepticism. But it also deserves an honest look, because the numbers say the weakness isn't entirely the market's fault.
Details
Here's the full record, and what I'd take from it, with shares around $467 as of this writing.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.