DJ Lam Research Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of Lam Research Corp. $(LRCX)$ slid 3.12% to $83.34 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 43,461.21 and the S&P 500 Index falling 0.50% to 5,983.25.
This was the stock's second consecutive day of losses.
Lam Research Corp. closed 26.25% below its 52-week high of $113.00, which the company reached on July 11th.
The stock underperformed when compared to some of its competitors Monday, as Advanced Micro Devices Inc. $(AMD)$ fell 2.46% to $108.11, Applied Materials Inc. $(AMAT)$ fell 1.98% to $168.57, and Analog Devices Inc. $(ADI)$ fell 0.80% to $236.99.
Trading volume (11.5 M) remained 782,145 below its 50-day average volume of 12.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2025.
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(END) Dow Jones Newswires
February 24, 2025 16:39 ET (21:39 GMT)
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