DJ Applied Materials Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Applied Materials Inc. $(AMAT)$ rallied 1.41% to $175.28 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.47% to 6,039.31 and Dow Jones Industrial Average falling 0.31% to 44,713.52.
The stock's rise snapped a four-day losing streak.
Applied Materials Inc. closed 31.50% below its 52-week high of $255.89, which the company achieved on July 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ fell 0.49% to $206.35, Qualcomm Inc. $(QCOM)$ rose 0.09% to $171.71, and Advanced Micro Devices Inc. $(AMD)$ rose 2.79% to $117.35.
Trading volume (5.6 M) remained 1.6 million below its 50-day average volume of 7.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 29, 2025.
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(END) Dow Jones Newswires
January 29, 2025 16:38 ET (21:38 GMT)
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