Advanced Micro Devices Closed Wednesday At New High For Year

Posted on: Thu, 19 Nov 2009 08:38:00 EST


Symbols: AMD
(RTTNews) - Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) announced Wednesday morning that it intends to commence an offering of $500 million aggregate principal amount of senior notes in a private offering.

Shares of Advanced Micro Devices climbed steadily until mid-morning Wednesday and took out the highs of the session going into the close. AMD closed up by $0.70 at $7.32 on above average volume. The stock has been rising for the last 2 weeks and finished at a new high for the year.

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