DJ Applied Materials Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Applied Materials Inc. $(AMAT)$ slid 7.04% to $156.64 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.59% to 5,861.57 and Dow Jones Industrial Average falling 0.45% to 43,239.50.
Applied Materials Inc. closed 38.79% short of 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 Thursday, as Broadcom Inc. $(AVGO)$ fell 7.11% to $197.80, Qualcomm Inc. $(QCOM)$ fell 4.73% to $154.44, and Advanced Micro Devices Inc. $(AMD)$ fell 4.99% to $99.51.
Trading volume (9.5 M) eclipsed its 50-day average volume of 6.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 27, 2025.
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(END) Dow Jones Newswires
February 27, 2025 16:38 ET (21:38 GMT)
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