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AMD Stock: September Slump Signal Flashing Again
1 Sep
Summary
- AMD stock historically falls in September, with an average 5% decline.
- In the last decade, AMD stock dropped in eight out of ten Septembers.
- AMD stock's September performance is worse than the broader market's.
September has historically been a challenging month for Advanced Micro Devices (AMD) shareholders, with the stock experiencing declines in eight out of the last ten years. The median drop during this period was approximately 5%, significantly underperforming the broader market. For perspective, AMD's typical month across the past decade saw a median gain of about 1.6% and positive returns in 63% of months.
The market context reveals that while AMD amplifies market movements, its September weakness isn't solely attributable to broader economic trends. In the five Septembers when the S&P 500 declined, AMD fell every time and dropped more significantly in four instances. However, even in the five Septembers when the S&P 500 rose, AMD still experienced declines in three of those months, indicating a pattern that goes beyond general market sentiment.
