Why GlobalFoundries (GFS) Stock Is Moving Today
GFSGLOBALFOUNDRIES(GFS) Gurufocus·2024-10-05 00:50

Shares of GlobalFoundries (GFS, Financial) saw a modest increase of 1.98% recently, yet concerns linger due to earlier declines attributed to sector-wide geopolitical and economic challenges. Despite this small uptick, GlobalFoundries has struggled to mirror the recovery observed in other semiconductor stocks. Throughout 2024, GlobalFoundries (GFS, Financial) has experienced significant volatility, with negative returns in six out of nine months leading to a cumulative 36% decrease in stock value. This perf ...