DJ Applied Materials Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Applied Materials Inc. $(AMAT)$ surged 16.11% to $149.73 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 9.52% to 5,456.90 and the Dow Jones Industrial Average rising 7.87% to 40,608.45.
Applied Materials Inc. closed 41.49% short of 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 18.66% to $185.15, Qualcomm Inc. $(QCOM)$ rose 15.19% to $143.59, and Advanced Micro Devices Inc. $(AMD)$ rose 23.82% to $96.84.
Trading volume (20.6 M) eclipsed its 50-day average volume of 7.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 9, 2025.
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April 09, 2025 16:37 ET (20:37 GMT)
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