DJ Lam Research Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of Lam Research Corp. $(LRCX)$ rallied 1.26% to $81.30 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.01% to 5,956.06 and the Dow Jones Industrial Average falling 0.43% to 43,433.12.
The stock's rise snapped a three-day losing streak.
Lam Research Corp. closed 28.05% below its 52-week high of $113.00, which the company reached on July 11th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Advanced Micro Devices Inc. $(AMD)$ rose 0.75% to $104.74, Applied Materials Inc. $(AMAT)$ rose 1.79% to $168.51, and Analog Devices Inc. $(ADI)$ fell 0.67% to $233.73.
Trading volume (11.3 M) remained 1.1 million below its 50-day average volume of 12.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 26, 2025.
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February 26, 2025 16:39 ET (21:39 GMT)
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