Tiger Brokers

Applied Materials Inc. Stock Rallies 6.5%, Outperforms Peers

Dow Jones
7 hours ago

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Applied Materials Inc. advanced 6.5% to $444.57 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.2% to 7,650.50 and the Dow Jones Industrial Average falling 0.2% to 51,682.64.

This was the stock's second consecutive day of gains.

Applied Materials Inc. closed 39.9% below its 52-week high of $739.67, which the company reached on June 30th.

The stock outperformed some of its peers, as Broadcom Inc. rose 3.0% to $357.61, Qualcomm Inc. fell 5.8% to $177.72, and Advanced Micro Devices Inc. rose 2.70% to $559.82.

Trading volume totaled 14.0 million, compared to the 50-day average of 7.3 million.

Data source: Dow Jones Market Data, FactSet

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