DJ Applied Materials Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Applied Materials Inc. $(AMAT)$ rose 1.79% to $168.51 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.01% to 5,956.06 and the Dow Jones Industrial Average falling 0.43% to 43,433.12.
The stock's rise snapped a three-day losing streak.
Applied Materials Inc. closed 34.15% short of its 52-week high of $255.89, which the company reached on July 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ rose 5.13% to $212.94, Qualcomm Inc. $(QCOM)$ rose 0.55% to $162.10, and Advanced Micro Devices Inc. $(AMD)$ rose 0.75% to $104.74.
Trading volume (4.7 M) remained 1.9 million below its 50-day average volume of 6.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 26, 2025.
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(END) Dow Jones Newswires
February 26, 2025 16:37 ET (21:37 GMT)
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