DJ Lam Research Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Lam Research Corp. $(LRCX)$ slid 1.06% to $80.19 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.76% to 5,994.57 and Dow Jones Industrial Average falling 0.28% to 44,421.91.
The stock's fall snapped a three-day winning streak.
Lam Research Corp. closed 29.04% below its 52-week high of $113.00, which the company achieved on July 11th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Advanced Micro Devices Inc. $(AMD)$ fell 1.45% to $114.27, Applied Materials Inc. $(AMAT)$ fell 0.86% to $178.80, and Analog Devices Inc. $(ADI)$ fell 3.14% to $205.24.
Trading volume (14.5 M) eclipsed its 50-day average volume of 12.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 3, 2025.
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(END) Dow Jones Newswires
February 03, 2025 16:39 ET (21:39 GMT)
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