AMD Down on Ruiz Insider-Galleon Ties (AMD)

Posted in pre-market 
October 28th, 2009

Advanced Micro Devices (NYSE: AMD) is taking a hit this morning.  Former-CEO Hector Ruiz has been implicated as a CEO who may have given insider information to the Galleon Funds in the recent scandal that is still spreading out.  Shares are down 3.5% at $4.97 at 8:20 AM EST on 50K shares, but shares were down almost 6% at one point.  Average volume is over 25 million shares. -JON OGG

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