DJ Applied Materials Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Applied Materials Inc. $(AMAT)$ rallied 1.60% to $155.32 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.12% to 5,842.63 and the Dow Jones Industrial Average rising 1.14% to 43,006.59.
This was the stock's second consecutive day of gains.
Applied Materials Inc. closed 39.30% below 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 2.19% to $191.58, Qualcomm Inc. $(QCOM)$ rose 2.61% to $158.49, and Advanced Micro Devices Inc. $(AMD)$ rose 0.91% to $101.67.
Data source: Dow Jones Market Data, FactSet. Data compiled March 5, 2025.
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March 05, 2025 16:37 ET (21:37 GMT)
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