AMD stock price jumps nearly 8% as board move and earnings countdown pull in buyers
AMD shares surged 7.8% to close at $250.02 Wednesday, outpacing the chip sector after Wall Street rebounded from a selloff. The company named former Accenture CFO KC McClure to its board and Audit and Finance Committee, granting her 1,278 restricted stock units. Traders are watching Intel’s earnings Thursday, with AMD set to report Feb. 3. Options volume on AMD more than doubled the daily average.