DJ Applied Materials Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Applied Materials Inc. $(AMAT)$ shed 1.98% to $168.57 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.
Applied Materials Inc. closed 34.12% below its 52-week high of $255.89, which the company reached on July 10th.
Despite its losses, the stock outperformed some of its competitors Monday, as Broadcom Inc. $(AVGO)$ fell 4.91% to $207.93, Qualcomm Inc. $(QCOM)$ fell 2.62% to $161.10, and Advanced Micro Devices Inc. $(AMD)$ fell 2.46% to $108.11.
Trading volume (6.9 M) eclipsed its 50-day average volume of 6.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2025.
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(END) Dow Jones Newswires
February 24, 2025 16:36 ET (21:36 GMT)
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